Basic shapes timeline

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BEGIN QUIZ

Recession

Recovery

Trough

Expansion

Recovery

Trough

Click through the interactive points on the buisness cycle and take note. The questions in this activity will be based on that information.

Recovery

Trough

Expansion

Expansion

Recovery

Trough

Recession

Peak

Recovery

Recession

Trough

Peak

Expansion

TAKE A SCREEN SHOT!!

Peak: Back at the top! It's the point at which the economy has reached its maximum level of growth and is about to transition into a slowdown. This is the rollercoaster that we ride. Each of these phases can be short or long lasting. Growth and recession are capable of coming on all of a sudden or gradually building up. Best bet is to understand the cycle!

Expansion: This phase occurs when the economy is growing. During an expansion, businesses are investing, consumers are spending, and overall economic activity is increasing. Key indicators of expansion include rising GDP, low unemployment rates, increasing consumer confidence, and expanding industrial production.

Recovery: The recovery phase follows the trough and is characterized by a gradual return to economic growth. During a recovery, GDP begins to expand again, businesses start to invest and hire, consumer spending picks up, and unemployment gradually declines. Other indicators, such as industrial production and consumer confidence, also start to improve. The pace of recovery can vary, depending on factors such as government policies, external shocks, and the overall health of the global economy.

Recession: A recession is characterized by a significant decline in economic activity across the economy. During a recession, GDP contracts, businesses cut back on investment and hiring, consumer spending decreases, and unemployment rises. Other indicators of a recession include falling industrial production, declining consumer confidence, and tightening credit conditions.

Peak: The peak marks the highest point of economic activity in the business cycle. It's the point at which the economy has reached its maximum level of growth and is about to transition into a slowdown. At the peak, resource utilization is high, and there may be signs of overheating in certain sectors. Inflationary pressures may also start to build up.

Expansion: The economy is growing again! Businesses are investing, consumers are spending, and overall economic activity is increasing. The is a consistent cycle that runs continously whithin our economic system.

Trough: The trough is the lowest point of the business cycle, marking the end of the recession and the beginning of recovery. It's the point at which economic activity reaches its lowest level before starting to improve. During a trough, unemployment is typically high, and businesses may be operating well below capacity. However, some indicators, such as consumer confidence, may start to show signs of stabilization or improvement.