Economic Instability Chapter 13 Is the economy getting better or worse? Business Cycle . The term business cycle refers to the recurrent ups and downs in the level of economic…

CC 1. CHAPTER 8 Which of the following is NOT a topic studied in Macroeconomics? A) the price of Dell computers B) gross domestic product C) the unemployment rate D) the…

â The term business cycle refers to the recurrent ups and downs in the level of economic activity, which extend over several years. â Individual business cycles may vary…

Slide 1 Business Cycle Slide 2 Slide 3 The term business cycle refers to economy-wide fluctuations in production or economic activity over several months or years. These…

Slide 1 Slide 2 8 - 1 Introduction to Economic Growth and Instability 8 C H A P T E R Slide 3 8 - 2 Two definitions of economic growth:  The increase in real GDP, which…