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I shall illustrate the 4 stages of the business cycle using

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by

James McKay

on 1 December 2014

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Transcript of I shall illustrate the 4 stages of the business cycle using

Expansion
Expansion is the growth and recovery in the market. It happens directly after the trough stage. Employment, wages, production, and profits expand. Investments are strong.
Robert Downey Jr. exemplifies the expansion stage in that his career has been expanding and growing. This is shown by: more appearances in major production films, has started to cultivate a large community, and has become very successful after his experience with drugs and alcohol.
Peak
The peak stage in the business cycle is when the economy stops expanding and stabilizes. This happens directly proceeding the expansion stage.
Leonardo Dicaprio exemplifies this stage due to his career: has been major roles in major film productions, his popularity has stopped expanding and has stabilized, and he is still around but he isn’t cultivating anymore fans.

The Business Cycle

I shall illustrate the 4 stages of the business cycle using celebrities as examples. The business cycle is the natural expansion and contraction of the economy. The business cycle is comprised of 4 stages that have different characteristics. The 4 stages are: peak, recession, trough, and expansion.
Trough
The trough stage is the stabilization in the economy. This stage directly proceeds the recession stage. The economy is at its lowest point. Production and unemployment reach their lowest levels. The economy completes the recession and turns towards prosperity. A deep trough is a depression (economic decline).
Justin Bieber exemplifies this stage due to his career being at its lowest point: is hated unanimously by the people I know, has almost no fan base anymore, hasn’t been in the spotlight for a while, is hated unanimously by the people I know, isnt doing more things to help his career.
Recession
The recession is a stage in the business cycle. It happens directly after the peak stage and consists of the contracting of the economy. The economy has slowed down. There is a decline in consumer spending. There is high unemployment. Businesses are closing.
Miley Cyrus exemplifies this stage due to her career: has the worst community fan base since the start of her career, hasn’t been in the spotlight for a while, Does increasingly shameful things to try to rekindle her career
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