U2.7 The Business Cycle
Identify the four phases of the business cycle (expansion, peak, contraction/recession, trough), distinguish actual from potential GDP, compute the output gap, and connect cyclical unemployment to recession.
What you'll do in this lesson
A voice-first session with the Crimsora tutor on U2.7 The Business Cycle, then targeted practice and FRQs — with the tutor adapting to where you get stuck.