Reference

The natural rise and fall of economic growth over time. It typically consists of four stages: expansion, peak, contraction, and trough.

A phase of the business cycle where the economy moves from a trough to a peak, characterized by an increase in production and employment.

A phase of the business cycle in which the economy moves from a trough to a peak. It is characterized by an increase in production, employment, and income.

An increase in government spending or a decrease in taxes designed to boost aggregate demand and economic growth.

A policy used by a central bank to stimulate the economy by increasing the money supply and lowering interest rates.

A macroeconomic policy that seeks to expand the money supply to encourage economic growth. This is usually achieved by lowering interest rates or increasing government spending.

The highest point of the business cycle, representing the end of an economic expansion. It is the transition point before the economy begins to contract.

The lowest point of the business cycle, marking the end of a recession. It is the transition point before the economy begins to enter a new expansionary phase.