Definition of officially dating
Definition: The business cycle is the natural rise and fall of economic growth that occurs over time. Inflation is greater than 2 percent and may reach the double digits. It takes time to analyze this data, so the NBER doesn't tell you the phase until after it's begun.
The cycle is a useful tool for analyzing the economy. Investors are in a state of "irrational exuberance." That's when they create asset bubbles. It is the month when the expansion transitions into the contraction phase. But you can look at the indicators yourself to determine what phase of the business cycle we are currently in. Legislators uses fiscal policy to influence the economy.
Three factors cause each phase of the business cycle.
Those are the forces of supply and demand, the availability of capital and consumer confidence. The economy grows when there is faith in the future and in policymakers. See how this worked in each business cycles since 1929.
The unemployment rate continued to worsen, reaching 10.0 percent in October.In the United States, racism, particularly by whites against blacks, has created profound racial tension and conflict in virtually all aspects of American society.Until the breakthroughs achieved by the civil rights movement in the 1950s and 1960s, white domination over blacks was institutionalized and supported in all branches and levels of government, by denying blacks their civil rights and opportunities to participate in political, economic, and social communities.Four years into the expansion phase, the unemployment rate was still above 7 percent.That's because the contraction phase was so harsh.