An economy experiencing rapid growth, often leading to inflation.
The ceiling represents the highest level of aggregate real output an economy can achieve during an expansion phase, corresponding to full employment.
A phase of the business cycle where economic activity and indicators such as GDP, employment, and incomes rise.
An in-depth exploration of the expansion phase in economics, covering its definition, typical length, and essential indicators.
Comprehensive overview of cyclical unemployment, including its definition, causes, types, and real-world examples. Understand how economic recessions and expansions impact unemployment rates over the business cycle.
An in-depth comparison of Dove and Hawk economic policy advisors, exploring their differing strategies on interest rates, monetary policy, and economic expansion.
