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2.5.3 Trade (business) cycle
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Output Around a Rising Trend

Output Around a Rising Trend

The trade cycle is the recurring short-run fluctuation of real GDP around its long-run growth trend. Real GDP measures output at constant prices, removing the effect of inflation.

2.5.3 Trade (business) cycle Lesson

  1. A Level
  2. /Economics
  3. /2.5.3 Trade (business) cycle

Step-by-step lessons covering Edexcel A A Level Economics 2.5.3 Trade (business) cycle for A Level Economics. Each lesson works through exam-style questions in Paper 1, Paper 2 and Paper 3 format. Start with the core supply-and-demand models before moving on to the more evaluation-heavy macroeconomic policy topics.