Business Cycles
Watch these videos to explore the components of the business cycle. As you will see, the business cycle is largely driven by the emotions of the market participants. Optimism can spur demand and increase economic activity, whereas negative expectations can precipitate economic decline.
Business Cycles
Source: Mary J. McGlasson, https://www.youtube.com/watch?v=jGP-vPEHRRE&list=PLF2A3693D8481F442&index=23 This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.