Phase 4: Trough
Characteristics:
- Economy hits bottom
- High unemployment
- Low inflation or deflation
Causes:
- Stabilazitaion policies take effect
- Market forces reset
Aftermath:
- Economy begins to recover
- Sets stage for next expansion
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Economics and politics student from Germany. Interested in a broad field of topics and trying to easily break down topics from his studies to everyone.
In this post I want to bring you closer to the different phases of the economic/business cycle. I will try to keep things simple and easy so you guys can understand the concept and see it in current or past developments.
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