1. The Business Cycle
... looks like a wave. The points plotted horizontally represent time, and the points plotted vertically show the level of economic activity. The business cycle is divided into four parts or phases. The phases include recession, trough, recovery or expansion, and peak. The first phase is the recession. A recession is a known as a temporary decline in economic 2 activity. That is exactly how it is portrayed ... of new job openings. The businesses also begins to see a rising income rate, greater profit, and a rise in economic activity. After this, the business cycle reaches it's fourth and fi...
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- Approx Pages: 3
- Grade Level: High School