Business Cycles are WHACK
According to Todd N Lebor, "Business cycles are about as easy to nail down as a grasshopper on amphetamines." Business cycles, in other words, can be referred to as the mood swings of an economy. A business cycle defines the various contractions and expansions that occur in the economy. Macroeconomics, or the study of the economy as a whole, deals with certain things such as aggregate (total) supply and demand and GDP. The GDP (gross domestic product) is a total market value of all goods and services produced within an economy in a given period of time. When the GDP increases, it can be concluded that our economy may be improving or expanding, while during times of decreasing GDP, our economy may be declining and contracting. There are four different phases included in this fairly unpredictable cycle. These indicators include a peak, a recovery, a recession, and a depression. A peak usually relates to the period of time between an expansion and the decline of the economy. The peak is basically the point of maximum production and efficiency of the economy, which has both benefits and costs. …
