The business cycle is divided into four parts or phases. The phases include recession, trough,

The business cycle not only effects the economies decision making , but it also impacts both society, and peoples private lives. People look at economic trends and directly relate them to their economic decision maker, also known as the president. The business cycle is a big determinant of the presidential elections. If people saw that we had a overly drawn out recession phase, where people lost jobs, wages were lowered, and there was no economic growth, they might see that as a reflection of poor leadership, and as a result, not want to re-elect the current president, thinking that a new one would bring more economic growth. These days it seems as though people don’t care about how things will be in the long run. They just want to be

phase, which is also referred to as the downturn phase the businesses aren’t doing very well. They begin to have a decline in their output levels. This usually lasts about 6 months or more. Soon this decline in output will result in lower incomes, higher unemployment rates, and a loss of profits for the them. All of this will then in turn result in a decline in economic activity. The second phase is called the trough. This is when the businesses have reached their low point. The recession has stopped.

Some topics in this essay:
Essentials Economics, Business Cycle, Bill Clinton, business cycle, George Bush, Paul Gregory's, Social Security, economic activity, businesses reached, economic growth, Class Days, economic activity business, begin decline, peak phase, leadership result, activity business, recession phase, peak cycle, activity business cycle,