Editing Business Cycles (section)

== <span style="color: #FFFFFF;">Remembering</span> ==
* '''Business Cycle''' — The upward and downward movement of GDP over time.
* '''Expansion''' — A period of economic growth where production, jobs, and spending increase.
* '''Peak''' — The "Highest Point" of the cycle before the economy starts to shrink.
* '''Recession''' — A period of economic decline (traditionally two consecutive quarters of shrinking GDP).
* '''Trough''' — The "Lowest Point" of the cycle before the economy starts to grow again.
* '''Depression''' — A long and severe recession (e.g., The Great Depression of the 1930s).
* '''Boom and Bust''' — Another term for the business cycle, emphasizing the "Excitement" and "Panic" involved.
* '''Leading Indicators''' — Signs that tell us where the economy is *going* (e.g., Stock market prices, new building permits).
* '''Lagging Indicators''' — Signs that tell us where the economy *was* (e.g., Unemployment rates).
* '''Potential GDP''' — The theoretical maximum amount an economy can produce if everyone is working and every factory is running.
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