

















Study with the several resources on Docsity
Earn points by helping other students or get them with a premium plan
Prepare for your exams
Study with the several resources on Docsity
Earn points to download
Earn points by helping other students or get them with a premium plan
Community
Ask the community for help and clear up your study doubts
Discover the best universities in your country according to Docsity users
Free resources
Download our free guides on studying techniques, anxiety management strategies, and thesis advice from Docsity tutors
In these PDF it covers all the topics of business economic or trade cycle that are hard to understand but in these PDF it will make you easier to understand the overall concepts of business cycle in a easiest way
Typology: Lecture notes
1 / 25
This page cannot be seen from the preview
Don't miss anything!
5
6u.e,
c t[c -
1 e
--is
t-
citinre
.. ~
_p-~
*-ta*
is-f
·-
n-hr
y
· - 5:-n
r,
e S s c
·v
,-,
~---
.
-the"?re
\f~e
c-furtfon.s
··
: em
p\o
l/ me()~
\n
·c,u:fyui=-
e1n
- cf
----i
'Pc,-'rce
I th-e
bu
o,nes.s
h
ci:s
--·-f
e.{;'
ec-{
\
r,
VC-t'?riou-~ - -
l(J
a :y
e ·; ··,
--
-
'
--
--
--
--~----
--
-·~--
·-
1
-----i
co!"1oro'ics
·
_
_
__
··---·-,
--=----
l
.'fl l I ,
r l 1 .~ 1 ) \ \
q. Qe--{:~oe
8uo~nes.s C~<- le, ;
~~P la.i'n the-
•1 phase
s ano( +eatucre-S o-F
bu&iness cycle.
~ P--a- o-F.
6 fl n he m 6 :
i u '' V
ps t1- dot.On s In 9 co
nomic. ctc.-i::-t'v~tf~€> i,.s
~nown
o.s Bu...s~nes.s C'-fc..le"'~
11
-f-. ~\ o.b-e1rle~ :
1~·- '',ne buEa"\nes.s cttc.l
e ·,n the gene-a.I sense
rnq ~e.
de+ined as an alt:eo-na.t,~on
o·P
o-F pcr
0
specrtty
dncl dep.,.-ess?on of'
'coo o\ a - nd
ba ct -tcrocle .,.
p,;
~ ·:-:f'. ~'°'.-)c:-el/ n & s (.F
ather o-4= modern e,onomfc.s) :
' - - ,, Pr
oF p-e~\oct~ oP
·<3-ooc\ - :f?J'~-de - c.hctcr-ac"t"
e-a-1'2-ect bLJ ~ ,s\ng p~~c::e
~
- -.. - -- ·- --. -- -- -. -
--. a -.
., \ ow u. nemplolfment-
perc.enta.3e ~ ~lter,
*"?l-q~e-·· c hcr ?r-ctC-te~
unemplo~ /.
1
.BHL'J\RY · 2 1J 22
\ T_ r s s
I 2 3 4 <; 6 fl 1 ) 10 11 12 I'
l'i l<, 17 I~ l'J l o
JANU1\RY 22 2l 24 2'i 2 <, n ;-, o_. 06
~ 1 v u ,-L
TllURS D1\Y
sto.3e i n~-:±he busr ()BSS c11Cl e i.5 ____ - p71ospe?r-rt~ . :t::"n ±-h,s s+oge, ..±he1re ,s cin
rf'e(s
e~ pendftu~~. rt'es 1n pos<rBv
e.
nc'f~~te-a-s -s-u. ch-- a-s ef"1)p\ 0 9ernent- -)
2
e $e v e\o c~t~ c-F money ~-
SL\ pp\lf ?s - h~~'h ;=---,nVestrne~
1
f oo e ;;e panel on.
I
Th-e. <cr-e ces;s f on ,
0
e. ~o.::;- +o
.--..,.---- ·----- ---,-----c-- ---------
pea¥- fha.ses the.
olemanof +o'er
Se?5'vke~sta~-:-
olec\fne 5
P hct (?~G;" f>?}ool'1.c'9'ZJS o!od+ t)otfc.e
- d...- .,,,c..---
\ -~
~ ~ 0 o~_Po-ooltt.ccn __ 1 h , ch c 'er e ct. -l-e s ct s', i:u.o tt on o -F ea? c e s s s 4. pp lJ
e,--- .---------
·- (,'
p ~, c B t-en::L t:- o Fa\ I a lJ
---·-c-·o ·----- a--
-- 0 -----·--
e C On O ro V l not I C C\ t 0~ Su C h a
6 ~ () coma J 1
e f:c, t' o 6) s_~lf"-~~~'.Y ___ s~~. _ ___ ~
--------· . - -
---·----
----- .. ---- -- -- ----·-- -·
. ---------------- -
:>
-
:: r
J
J
\t· j
S Mf\
1
1
:: :•'
I(, I ., I I~ I I 'J
ll 1
\ \ ·
l 'RID, \'
t)e'P"'f
<!'&S"lop
0
2 1 2 1
z;:a,:~
R-e
<'.'14'
e ,,
1
a?;:\,'?
'll' i
0
c n
p
come.. ,
°7"
...
_c
00 c.,
0--'-:'-"tf
it-!:' ,
C
0
P?J""aSP"'~
. ·
·-- -- - --- -. -·
4
·,n -es- Sc :t.tcle
-- ·- ··
LO~~
hQ.\p
6
------·- -~ ·
·-----
- ----- - -
. 7
--
- -- - ---
·---
)
J \ 1 '.,.
1
0
(110-
Y:i:i • \'I-:. ()l
'.', 'vi I
1
' 'W ;· i'I I
II) ,I
'. I
1 , ',,f
JANUARY
_ 0
;~, :~ : :~ : : •
:. ·.,
~IONDI\Y
~. D e~n
e. f n.f:I a -:-
on e ~ p I a
f () .'I .'I l .i· ,:,
~
e- CQ-LlSe ~
) -t-1.( pe €,
§ Coo-b;.o
I o-P ~ o-f
,➔--
:C fl-F'\a=t,
0
0
n ~-s- Q 9
\ o bet I p he no
me n o,-, ft-
~s-
-f ,~e~--
w \tf,--=th e
rn one 'f 5
u.·p,-pJy f n
'I
o
---· ---- ------
-- - - c,
~ o~~,
n q cry
l ~ O'J u..~j e
p 2r'f c € LE?
v e I_ ~ ,s e~
-w m cca-
(\oL()r') as-··
.rn+la ~on
·
1
~- cl~;~~
i t'=~ no:~
~~!
1a
0
Io-F;_zr~~:
'::~~s
12 n O u
n I V e Os 0.
lf a.. c.c.- e p~
Ct - - - - -
de
-Ro ~-8' o n
-o-F~1-()Ad-t-i
;-r.>--So-r<")
-e --- -----
' Ol po a-"t:"Q
n t= de ~o
i tron-s
o+: __ x n+:--(~
tf on ____ --
:;p;.~.
C ooZD-fhec- ~
- - -- -----
------ ----- ·--
i) - ts. -- a
Si:-o:-ce r ()
-----·-·
~ ~ 01 ~ n e_
tj_ is --f_C:!)l!~
:~ 9 i :e :-
p ~~,.--f ce.s -- ·
_
u~e __ 'r"}_.. ,§.,
_'- ~-
5
~•
____. __
--
4
[ rlll W\RY. 21122 11 M i T! W I T ~ F
s s
-1 .,
I 1,, : 11 12 l 1
I c; I 611 ' I
IK I') 2 1J ~ I I 22 21 2· I 2:, 2 (, 27 ~
___ ,_
1 L
toE
o ()61ble +o~O"' '1C L SD/ .Y dec-ir-c?o..~e \n s u p p/Lj. we. 1
e~p!o.?n
--
-.. - - -
0 -.
{:ac.tocrs
l n 9
.
_A]-~f-~ c._f o?rs
_do i nc~e_a.s e. ; n - o emand
Ol\olO ',ns
§- ~OC..?f~4Se_
°'o o\
-- --- · o --
- - - - - -
11 O ,J:'nc cr-e a...Q» e ,n 6-o vt
=--A-n --fn~ qs€ -- f n -q ov~- i2~-pe nci r:+:u~e
nc crease~
12 p ~in:
-l::hi ha-n ds- 0 ~ pe; _pie ____ __ ~ n o esu. \ --e
a - r=;- ~ ~e a.s €- - -r n-tt> e - p~
() -
- ------ -
1 50 V e'2rnro
ma V
s e cJ u..e. t-o
a (loc.dr
--
- ----·--
CQUSe S · 2
- - -r _I<_
'fb ~Yr) ----
?-) p\ann\n<:. Pe?J-°,~~" -·----
=-7 a-t:<•IJ~ --O-C?fa
- 'follf6--
ha-- s eTF
mpt.oy ~o-t_.
- --
--
N RY _.. __ --
N th~ L/ a-o
l/ tJ j Q
na.., / 4 ~
__ rJ< ~--- __
_ s 7qLOaha.crl~ I ~sq~ y~Qra. n 5
6 ~j .:C()C'lf"eQ..S e >n p c,-?vctt-e --e~-ench°tUoe,.~
vJ h
e n Jc-h
6 u G ,· n e ,e; G
@on
eot-e..?rp1re..oe
5 --:::-Q.~
e.st-i Oj rn o 1r e. !fl-- ro--ocr Q
5 f o n e.w
o ?n e.s
s. ::ci::- Pcr'f c e ~ c,f :Pac4;oa-~ o P..
_n _ ~
..,, ~ e' cf Cl(\ l/
b O Ll'"2rS -t-h
- e .S
a
~
--· 0 --a ·-- ------- 0 F -chQ..
a.c..-co~s
~ -{:;h-e.- f>1ro
c_Bon
,nc"9qse.
+oa- -!3o o c.ls
s etS v ?c.e~
?t:-tre..S &-#L't:S-- ': fl '' 0 C 'lf e
O • ~
~-¢ 90 -;,-,;is
111
·,· i a ~
' ....
~ 'C-b e, n. ~ ~ 1'ttff
.
t~T.HRl '.\R' · 2t
'l
0
1 B\ct C. ~ m On E? y - D '"2r u n CO l,( n t:-e cJ-mO ne-v s 8 en e rtt tetj
-th ere u 3 h V
0 \ a.~ ti 9 g O V e (J'"r) me n-t - --i
-c act n s ct c. -f::-f o n m a.~e. c..o t -e-h ~
n e \ p o-t= p \ a. C ::- m O n-e y-,;:;. e - c< 'u) qy s- ct t.l4fc_t=.
3
pe op\ e v ,n <3 ::> \ a. c. :, rno n e y
I
ere tJJ , \ ,n:J
~- + o p CJ. n y f' cr~ c e += o '1r ~ e. ~ o o ;/. s '1 t- _l n_c~-q-~
~4 cl an~
a c ~ ·money
·i ~\so becorn@-s a m o jocr c auses o=f='--::r:t>---=--~-=--,on
'.e:.J FClc-1:-o-crs cctUSing J _ec1rease _i n s 4pp1y 16
A cl eccre ct s e. 'fri s~p plu oF 9 o o ~ s ?!F
J SUNDAY
'.~ · e ?.fV f c e s
~ 0+-lcvb~o-n _____ _
T~ \ e t1J Tn s ' 7f e -l:: h e. ::+=ci c. to trG uJ ~ c h c ct u $ e-.s
~ - Cl. 'ere~- LL C.-8 0 T')- '\ n G L( p p I lJ O F ~ C? O -ol-S _;f- -·s
'-=.,----~---~ -----~----·- - ---
: iJ Na-b-t"ZS: · Ca\qm',tte i-
O els 1. €. ctcr+h q U ~-be I Q cJ. / €. cr-S Q( y Q F-f=ecr · -. ----
; a 5 "1r' c u \ tu "2r e1 \ r-a- o cl u c-bs .:!)- co n s e q u. en.:--~ __ _· - - ~~
' To dli&"t'<H QI - f -ire~~-1:i on - is~\ ~o --=-- --=~ ~ ~-- m•
. 2,, 'll1Tift1f ~ """" flrtlll
::
C
::
-<
::
n
:r
1:
\
I I
4
5
17
1 \ C' ~ ~ C 1 C -t l (~ r i• • C
. r ' ---------
' I
_ 11 __
I I.··
·_· ______
_
J
.
--; -~ r-' l
..
1j
€.. po~ C
--,-----
_
2
€ t.0cr-o
n -ea- a
~nc "?rea.se.s
9 oocl.s
:J- s e'd-vt C SS
0
-a--
es
o <r~
--
ce.s
·ro
----:
4
-~ ,er ctcl~~
onct
t~~ ~ ~-~ ~ Cl{~~ ~c'! __ ~ :__ ~--
5 -C-cr
ol ~ -t" o n ct \ -t: e c h •
o d u en .:f- a ~
~
.c, c:,-·-- ------~ ·------ -·-·-- --· o-F ------~ p-a- op Q -a-
t-C, net n c. -e
--
(, p-a,- o b \
o += a- e.
,e;--
-----~
be c _...--i _ m
Ccn.LS"
s ~~--
--
7
~ °' -:e
::Cr; ol ~')-""e·~ - t
·a~
-n; e
~o-ea.'-es
e :>e.-ecr-c.
\ s
ty
O
er · ~
·i:-ct ~ c er- s-r.,---:_
,.,.
u.. cY .. C
O
m rn °d.. ' 't '-/_ tct ~ ~ 8 o n ?re. c{
- ~?T c..om ~ od..'CJ _ !~ _cr~ ~s ~~p<)"o
oluc.~ =/--
9
~ - --,----
---~-
~ rt
e. er - in .f I a. tu, n -
_ 11 r-
4 p e ~ - , -n +:-t c(.-1= en f 6 the
most da n~ er~ -E- p - e S ~
l 0. ~
0 () Li n
\ Lh
~
,c;i--·- --·
12 Per~ - • e - le
I ~ n c... cr-e..
'2- rn ocr e.
n t~·J. 12 (? e () L{ ?5" , ct,~
e types o-F" --rn +: fa-Eh
--· ----- 1 a?, e sh o u..:_~
-F~
\~ ·,n· d ,ct~r am
. _,
5 6 7
11 Hlll \
: : ,:_.:: 11
1 : ;~ : ,, ~ 1 ~-II 1;~ 20 ·:!. ,. ·
' Con-tn-ol
/ rneasures , ::: .:rm:1°'rion,
- 111t :,, 1 ,,\
~o \ ou"l10 r➔ rn e q Si..t r-e s ' ""2r "e Lt.Sec:{ ~ o c or-rtao\
A] r:r~.c:.. ... 1 \ rncl..l.~lC. -cs/
'" C e <1t"?ra l ~ o v e '<)' r> m cot c ~ n ct c{ opt --Fo I Io ,.o, n 9 -\4 5 C a \ ('Yh::. Q. b Lt -;)-( 6 t: o ere c.~ U. Ce f n Cf o.. t ~on . ,, •) T n c ::r e. q, s \ n 9 -Yett e -5- ba..s e c+..... d :"" a-~ c-t -tq~
f2_e c-\uc7 ng S ubs~ctre..s will c,lso help t,,.;, reduce a A~ o i , I n- q "t:'1 o n. .. (
1 8] M one-tary po,c7'
-rn e + o 11 ow i n 9 rn o n e 4:: a c}" y rn e a.. s u. ')-~ .s w ~ 11 h e , p } to "i--ed .l. c.. e * h e i n += l ct -l::--, o n.
of=, money ~
fon o.C: Sttbcu.~ Some_
- cu.. ?:roe ncy -
n o-ce s - i..o~ ,·, -h elp 1n - "these,
.. oil ' cl' t? C.-cl ons. ~ i) Cen~ql ban~ ca
~ -t-o - "a-eofu. c.e.. c -zrecAf~
s ·u.ppl y o-f=.- -bhe.. VQ~o 'u.~ ... p ; -n c:i;- - -. : ~ ~nc ~ e:t.s e
. b a n ~-- - 1r 0: t-e ----- ..
'.~o _ , n c -o-e ~ se c ash <res ~irve. .,- o.. b o L c.i::i. R.) ~ _ Open rn"' To a cl op+ open m ~ tr t:.~ -l=- Of'~ra.601'):orr.•) ·~- S- ct I ~s g o- v e a-n rr>e n ~ s ~ c il '1n-6 ~ -- ,;" i ~ ~~ Non--mone"t"U.-a-tf. f' o\rc y- ~ ;. _S4:J:t~e '3 av eo-n m e(l{-:. C a n , mpo
.c 1)f'~o \ - t n St>fl' e s p e Cl ~c., Se ct:otr"S ' t: \ n c l u.o( e~s ... : .\o W\ ~,~-~ ·• _n~ s _. .. ... ~ .....
. · .. Qi ,11;
\ r iJ\• 11 1 l, 22
.; ~.~ * De~~on \ - J '\L\R'i I : ; ' ' h .:: :_, :i :, 2
an ~ & Corn F' e 8 ~
~- .::i:"r'.f: l o.n .-
?J"O f.' , Ccr O u.Jth E. '.?r" -
-·, -o e--Flo.~6n --~ s · a 5-t;at;e
o-F. mone l/ : f S - i,-~ s\n '3 \ · e , Pa--T c e., \eve. l i 6 +al If(')-':,
. j
a..-e·ot .t; c;, r n-Fto.t-,on
s rr, o~e
ola("~e~ou.s
cleF(a.~on p'1,~to~ l~lO--p=z;_~ce - J
, /t>t.D in com~.
l e <as - c:J. Q man cl - ~ c. <Y" e.o. te.
e
c
e f 6 hr g h ,, c· c" no m iG 'j"rOw th ~ te
.. -
S.ot.0S j- Jne mplottemQnt <rema·,ns hi':fh ·: ~ ~ -1' • ...i, 1'---,'
nem p- 0-et"(> Qt'lo( i "'>-f-c ,/) , ... '
\ ' I 1
•
_ _ __ - -- - - - -. .
cu~v e r - , ~S · · ,
~-_rn·t:rct.~~-- 1 -· u neff?p/ o'lt>m'<° ~ t-
· - 23 . .. 1 • --. --Ge-pl ci.~n~ ~ e - p-11 \pt:;· c~ --v e · : 1 - ~j>,
~h11 p " - -
e 's b a. s,cq" y Si:Q.
~ -,n-ve~ e ',a-elti-l-f O,;· .. be.-t, b- u"en-,p-; 0 yme,',t / ~ inFlc1. ': ~ ~Or
e~ · I(}~~$ Ch a 119es) a_ct. Oc) da n9 to pf>il p ,· --- cu~ e - tohei, ~ n-.P f <i..'> rin.:s e. -tiiic-,npr otj'!)Mt
~~h en---i Oil .ii. n- - ~d.Jls, tirl ffrl.:,~r ;;"ijn ltlle rl 1:;· - i. ii f ~, o -
--~ - r~~\f_~-~- UC :2?_. __ f\d '::,' U\Jlt'O'f,rt"en~ •ve 1 n ueaOe.. ~~~ !': ~e IJ:t"
.
11
--
12
~
I \
12
~
'
1
--
- - -5RP~
--,..
':} R p CJ
4
5
..,,.,__
7
1