02 Business Cycle
Learning objectives:
1. Explain the business cycle.
2. Describe the terms: boom, recession, slump and recovery.
3. Explain the effect of a specific stage of the business cycle on the demand for the factors of production.
Licence: Creative Commons Attribution Share Alike 4.0 International
Keywords: boom, economic structure, economics, macro economics, micro economics, recession, recovery, slump
Activity log
