Business cycle dating committee definition
Note that the series typically climbs during expansion periods (between the trough and the peak of the business cycle) and falls during recessions (the shaded areas between the peak and the trough).
How does the NBER determine business cycle turning points?
A business cycle is the term for the recurring fluctuations in economic activity.
The cycle is comprised of five stages: recession or period of contraction, episode of trough, recovery, economic expansion or growth, and a period of peak.
The business cycle is the periodic but irregular up-and-down movement in economic activity, measured by fluctuations in real gross domestic product (GDP) and other macroeconomic variables.
A business cycle is typically characterized by four phases—recession, recovery, growth, and decline—that repeat themselves over time.
But the term "business cycle" is still primarily associated with larger (industry-wide, regional, national, or even international) business trends.
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This glossary of business terms and definitions includes the main terminology used in business, plus many more unusual, interesting and amusing words and expressions found in business and management, and the wider world of work and modern life.
Business cycles are the "ups and downs" in economic activity, defined in terms of periods of expansion or recession.
During expansions, the economy, measured by indicators like jobs, production, and sales, is growing–in real terms, after excluding the effects of inflation.