Business cycle  

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Train wreck at Montparnasse (October 22, 1895) by Studio Lévy and Sons.
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Train wreck at Montparnasse (October 22, 1895) by Studio Lévy and Sons.

The business cycle or economic cycle (also called boom and bust) is the downward and upward movement of gross domestic product (GDP) around its long-term growth trend. The length of a business cycle is the period of time containing a single boom and contraction in sequence. These fluctuations typically involve shifts over time between periods of relatively rapid economic growth (expansions or booms), and periods of relative stagnation or decline (contractions or recessions).

Business cycles are usually measured by considering the growth rate of real gross domestic product. Despite the often-applied term cycles, these fluctuations in economic activity do not exhibit uniform or predictable periodicity.

The common or popular usage boom-and-bust cycle refers to fluctuations in which the expansion is rapid and the contraction severe.

In economics, the term Boom and bust describes a time period characterized by sustained increases in several economic indicators followed by a sharp and rapid contraction.

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Unless indicated otherwise, the text in this article is either based on Wikipedia article "Business cycle" or another language Wikipedia page thereof used under the terms of the GNU Free Documentation License; or on original research by Jahsonic and friends. See Art and Popular Culture's copyright notice.

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