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Business Economics + Business & Commercial Knowledge

Ch 4 · Business Cycles & National Income

5 concept points · 5 formulas · 4 exam-critical points.

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Concept
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Chart Summary
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Formula Sheet
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Important Points

🗺️ Chart summary

Business Cycle
   GDP
    ^   Peak       Peak
    |   /\        /\
    |  /  \      /  \
    | /    \    /
    |/      \  /
    +--Trough----- Time
    Expansion -> Peak -> Contraction -> Trough -> Recovery

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