Edexcel A Level · 9EC0 · Theme 2: The UK economy: performance and policies
2.5.3 The Trade (Business) Cycle
Also Edexcel AS 8EC0
Everything you need for questions on the trade (business) cycle, in the words examiners reward. An interactive seven-step lesson goes with it.
What's on this sheet
- What the trade cycle is
- The four phases
- Why cycles happen
- Calculations
- A classic chain
- Classic question: should governments try to smooth the trade cycle?
- Side 2: practice tasks, where the marks go, and exam-style questions
- Separate answer key
The lesson in seven steps
- Ride the cycle
- The multiplier–accelerator machine
- Reading quarterly data
- Read the economy
- Can, and should, the cycle be tamed?
- Build the chain
- Exam practice
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