building permits for new private residences1 [AUD] Business cycles, Economic indicators Business cycles Expansionary Phase - rising profits, strong growth, increase demand, rising price - lower unemployment Peak - high point of economic activity - input shortage lead to higher costs and higer price level Contractionary Phase - higher unemployment Trough - profits at lowest elvel - firms have excess capacity, reduce cost and their workforces Recovery Phase - recovering economc activ.. 2024. 3. 17. 이전 1 다음 반응형
