Classification Periods
Discovering
100
the increase in production and prices (low interest)
What is expansion?
100
during an increase of unemployment the recovery does what?
What is decreases
200
Stock exchanges crash and multiple bankruptcies of firms occur
What is crisis?
200
when productivity is high prosperity it what?
What is high ;)
300
drop in prices and in output high (interest rates)
What is recession?
300
when unemployment is high recession does what?
What is increases
400
this causes prices and incomes to fall drastically causing stocks to slowly bounce back
What is recovery
400
reflects the general increase in the cost of goods and services
What is inflation
500
who was the 1860 french economist that first identified economic cycles?
What is clement juglar
500
name all four periods of the cycle and label their locations on the graph
What is prosperity-PEAK, depression- TROUGH, recovery- EXPANSION, recession- CONTRACTION
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