Term
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Definition
| The movement of the economy from one condition to another and back again |
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Term
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Definition
| A period in which there is low unemployment, good wages, businesses produce goods and services in record number |
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Term
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Definition
| Demands of product begin to decrease, and unemployment rises |
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Term
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Definition
| There is high unemployment, weak consumer sales, and business failures |
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Term
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Definition
| Phase in which unemployment begins to decrease, and demand for products begins to increase |
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Term
| What are the Four Phases? |
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Definition
-Prosperity
-Recession
-Depression
-Recovery |
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