Send the link below via email or IMCopy
Present to your audienceStart remote presentation
- Invited audience members will follow you as you navigate and present
- People invited to a presentation do not need a Prezi account
- This link expires 10 minutes after you close the presentation
- A maximum of 30 users can follow your presentation
- Learn more about this feature in our knowledge base article
Do you really want to delete this prezi?
Neither you, nor the coeditors you shared it with will be able to recover it again.
Make your likes visible on Facebook?
You can change this under Settings & Account at any time.
The Business Cycle
Transcript of The Business Cycle
What actions might be taken by businesses and government in each phase of the business cycle?
most people who want to work are working, good production and wages
demand decreases, business lowers production, increase in unemployment
high unemployment, weak consumer sales, and business failure
economy regains and exceeds peak employment
occur when there's a widespread drop in spending
firms may reduce employment levels and save money instead of investing
governments usually respond by increasing money supply and decreasing taxation
during the Great Depression, the government increased relief spending, laid of employees, and made cuts to health care, education, and other social programs
During prosperity businesses work on new ways to improve the goods
Production costs increase in interest rates
caused by abnormally high levels of growth in GDP, employment, corporate profits, and other indicators