What are the phases of a business cycle? Expansion, peak, contraction, and trough make up the four stages of a cycle. GDP, interest rates, total employment, and consumer spending can all be used to ...

William Nordhaus coined the term “Political Business Cycle” a half-century ago. The idea was that government authorities, ...

A business cycle is divided into peak, recession, trough, and expansion phases. What are the phases of business cycle explain with diagram? Phase of cycleDescriptionPeakThe turning point in the ...