Untitled Storyboard

Skaidrė: 1
Today Class we'll be reviewing over what the business cycle is Now does anyone remember what the unemployment rate and GPD have to do with this?
Skaidrė: 2
Correct! Now please collevrate with each other and explain what expansion contraction and what the peak and trough is for a partipatcin grade!
I do! usually the GPD and unemployment rate go up and down depending on what's happening in the cycle
Skaidrė: 3
But don't forget students for each of these either the GDP or Unemploment rate goes up or down or may stay the same through the cycle class dismissed!
(everyone talking) expansion is a period of economic growth and rising ouput! Ok so does anyone know what a peak is? oh I do its the highest point of the business and the contraction and trough are when a period of economic decline happens and for trough it means the lowest point or bottom of the cycle.!
Notes:Expansion-A period when the economy is rising and GDP is growing the unemployment rate is lowingContraction-A period when the economy is declining so the unemployment rate goes down and the GDP goes downPeak-Marks the end of expansion is the highest point in the business when GDP goes all the way up and the unemployment goes downtrough- markd the end of contraction The lowest point in the business cycle unemployment goes up and GDP keeps going down