1.2: Productivity and the Business Cycle
Read this explanation of the United States economy. American workers are considered some of the most productive in the world. Productivity is the final output after you have considered the hours worked. Productivity in this country has grown because technology has lowered the cost of producing goods and services.
Read this explanation of the United States economy and its relationship to the GDP. The combination of expansion and contractions is called the business cycle. The United States GDP has had slow, steady growth, allowing citizens to have a high standard of living. Over the last two decades, China's GDP has been growing much faster than most other countries.
Read this article, and then summarize what you consider the three most viable causes of business cycles.