Business+Cycle



Business Cycle

The term business cycle or economic cycle refers to the fluctuations of economic activity around its long-term growth trend. The cycle involves shifts over time between periods of realtively rapid growth of output, and periods of relative stagnation or decline. These fluctuations are often measured using the real gross domestic product. Despite being termed cycles, these fluctuations in economic growth and decline do not follow a purely mechanical or predictable periodic pattern.

Information provided by: http://en.wikipedia.org/wiki/Business_cycle

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