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bussiness cycle, unemployment, inflation

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Institution
Uitm Puncak Alam
Course
ECO415

Content preview

CHAPTER 29
Business Cycles, Unemployment, and

, Chapter Contents
The Business Cycle
Unemployment
Inflation
Redistribution Effects of Inflation
Does Inflation Affect Output?

, The Business Cycle
Alternating increases and decreases in eco
activity over time
Phases of the business cycle:
• Peak
• Recession
• Trough
• Expansion

, The Business Cycle Illustra

Peak

Level of real output

Peak

Peak




Trough

Trough



Time
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Institution
Uitm puncak alam
Course
ECO415
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Uploaded on
July 18, 2023
Number of pages
35
Written in
2022/2023
Type
Class notes
Professor(s)
Madam fatihah
Contains
All classes

Subjects

  • inflation
  • unemployment
  • bussiness cycle
  • economy
  • fluactuations
  • demand pull inflation
  • cost push inflation
  • types of inflation
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