Part 1 – Section A.8. Business cycles

[Hameed]

CMA1.A8.a. define the term business cycle

CMA1.A8.b. define and identify on a graph the phases of the business cycle, including the peak, recession, the trough, and recovery

CMA1.A8.c. identify and describe possible causes of business cycles

CMA1.A8.d. describe the macroeconomic characteristics of the different phases of the business cycle

CMA1.A8.e. determine the impacts of business cycles on a firm’s prices and output