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Output Around a Rising Trend

Output Around a Rising Trend

The business or trade cycle is the recurring short-run fluctuation of real GDP around its long-run trend. Trend growth is the average sustainable rate at which real output rises over the long run. A peak is the highest point of the cycle before contraction begins, while a trough is the lowest point before recovery begins.

9.2.3 business (trade) cycle Lesson

  1. Intl A Level
  2. /Economics
  3. /9.2.3 business (trade) cycle

Step-by-step lessons on CIE Intl A Level Economics 9.2.3 business (trade) cycle. Each one builds up to exam-style questions.

Lessons