Economic expansion,peak
Updated: 5/18/2020
Economic expansion,peak
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Storyboard Text

  • Expansion
  • Expansion is the phase of the business cycle when the economy moves from
  • Peak
  • The peak of the cycle refers to the last month before several key economic indicators, such as employment and new housing starts, begin to fall.
  • Contraction
  • Trough
  • refers to a phase of the business cycle in which the economy as a whole is in decline. A contraction generally occurs after the business cycle peaks, but before it becomes a trough
  • the point in the business cycle between the end of a recession and the transition to accelerating GDP (gross domestic product) growth
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