Business Cycles are WHACK According to Todd N Lebor, "Business cycles are about as easy to nail down as a grasshopper on amphetamines." Business cycles, in other words, can be referred to as the mood swings of an economy. A business cycle defines the various contractions and expansions that occur in the economy. Macroeconomics, or the study of the economy as a whole, deals with certain things such as aggregate (total) supply and demand and …
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showed last 75 words of 5539 total
…the market. Many other things such as fiscal policy (government policies), monetary policies (Federal Reserve board's control over money supply), and world events have a large impact on our economy. With the upcoming elections for presidency, a number of different things in our economy can change if policies are shifted. In the long run, there is no way to judge for sure where the economy is headed since the business cycles are not always consistent.