The business cycle

IB Economics: The business cycle

This page introduces the concept of the business cycle which you will focus on during the coming weeks. I have placed this topic in unit 3.1 but it could easily be completed as part of the section on aggregate demand or aggregate supplyWhat is the business cycle in economics?Lesson time: 45 minutesLesson objectives:Explain, using a business cycle diagram, that economies typically tend to go through a cyclical pattern...

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