The Business Cycle Model A Diagram That Shows How...

The business cycle model is a diagram that shows how economic activity fluctuates over time. There are four phases of this activity known as boom, recession, upswing and downswing. Overtime, the theory is that economic activity will increase and that living standards, employment and the quality of life to rise. The boom or peak stage of the business cycle is when the level of economy is at its highest. It occurs after the upswing stage. The levels of expenditure, output income and employment are also at their highest. Inflation in prices also increase as there is more demand in goods and services. The government might use policies to try slow down or contract economic activity to stabilise inflation. India is a developing country that is believed to be falling into the boom period of the business cycle. At a GDP percent of 7.3% currently, India is believed to be one of the fastest growing countries. With China slowing, India is certainly carrying the day in terms of best growth rates, said Peter Boockvar, Lindsey Group s chief market analyst. On the other hand, China’s growth rate is starting to slow. China’s real GDP growth is currently sitting at 6.3%. With an aging population, and low fertility rates, it is believed China’s Economy will soon start to fall and go into a downswing. The Down and Upswing stages occur when an economy is rising and falling. The downswing stage includes fallings levels of expenditure, income, output, and employment. As the economic activityShow MoreRelatedThe Objectives Of Learning And Development3796 Words   |  16 Pages flexible and able to deliver the organisations results in challenging times. 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