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A stage in which the business is going very well and smooth. At this stage in the cycle the business is at it's peak, the best of the best. At this time they are selling goods and services frequently and the amount of workers are stocked up. this meaning that no one is losing their job due to budget cuts. this cycle is also where you will see the GDP rate of growth increase significantly. During this cycle you will see a business use something called inflation. This is when a business raises the price on the item. Usually by 2-3%. One this about this stage is that is never lasts for too long.

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Regression is a stage when your business starts coming down from that cloud we call prosperity. The economy has started to slow down meaning that the demand has decreased. When the demand decreases so does the rate of production. think of it this way you start of with 100 dollars if you keep spending money then the amount of more items lessen right? well its kinda the same for a business if not many people are buying then they don't earn money for profit. This is when the business has to let a few people go and then because they have no jobs the unemployment rate increases. The GDP rate growth will start to also slow down.

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If you thought recession was bad woo you're in for a surprise.  Depression is a stage in which almost everything has fallen apart. the economy becomes extremely slow and the GDP rate has significantly decreased. This means that the business is barely receiving money. This causes a huge load of money lost. The business has to go under budget cuts and they will have to let go most of their employees. these employees now have to go under employment until they look for a job causing the unemployment rates to go through the roof. You can remember this by The Great Depression where employment was as high as 25%.

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Recovery is our last stage in this cycle. At this cycle the economy gets back up on its feet and tries again. The demand starts to increase and that means that the business starts earning money and the production rate increases. The GDP rate of growth also increases. Now that the business is back on track it can now hire/rehire employees causing the unemployment rate to decrease. Everyone is now back in business.

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Chapter 2 - (2-2 Economic Conditions Change.) Slide 17
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Fundamentals of Macroeconomics Series:  The Business Cycle

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Hey Everyone, This is video 12 of 12 videos in "The Fundamentals of Macroeconomics Series". Watch the entire series right here: https://www.youtube.com/playlist?list=PLNI2Up0JUWkG6AmW4E2YNV_hBP0AVuw4v As a teacher of IB Economics in Santiago, Chile, these videos were created to help students navigate their way through their two-year course of study.