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| Topic: |
Business
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| Number of pages / Number of words: |
2 / 467 |
Essay's paper body
- Expansion - a period of growth in real GNP.
- Peak ? the highest point in a business cycle.
- Contraction ? period of decline in real GNP.
- Trough- lowest level the economy reaches during a business cycle.
- Recession ? during the contraction phase of the cycle real GNP declines for two consecutive quarters, or six months...
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- Expansion - a period of growth in real GNP.
- Peak ? the highest point in a business cycle.
- Contraction ? period of decline in real GNP.
- Trough- lowest level the economy reaches during a business cycle.
- Recession ? during the contraction phase of the cycle real GNP declines for two consecutive quarters, or six months...
Essay fragment
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