Economic Cycle(经济周期).ppt

Economic Cycle Business cycle Economic Cycle It is to point to in the operation of the economic cyclical economic expansion and contraction, alternate cycles of a phenomenon. It is total revenue and total national output and employment fluctuations, overall economic activity is national income or alternate or cyclical fluctuations of expansion and contraction. Economic Cycle It was divided it into four prosperity, recession, depression and recovery stages, now generally called recession, trough, expansion and the top four stages. Economic Cycle Rising phase is also known as prosperity, highest point is called the peak. Economic Cycle Economic Cycle Contraction Stage is macro economic environment and market environment has become increasingly tight season. Market demand is weak, lack of order, unsalable goods, production fell, the turnover of funds by now. Enterprises in the supply, production, sales, goods and people will meet many difficulties and physical aspects. It is in relatively poor external environment. Economic Cycle Boom Recession Stagnation Resuscitation The economic cycle is characterized by gross national output, fluctuations in the amount of total revenue, total employment, it is marked by the expansion and contraction of most sectors of the economy.经济周期的特点是国民总产出、总收入、总就业量的波动，它以大多数经济部门的扩张与收缩为标志。 A general feature of the recession经济衰退的普遍特征 Consumer demand, investment declined sharply; demand for labor, the decline in output, a sharp decline in corporate profits, stock prices and interest rates generally will decline.消费者需求、投资急剧下降；对劳动的需求、产出下降、企业利润急剧下滑、股票价格和利率一般也会下降。 Recession real GDP of at least two consecutive quarters of decline衰退指实际GDP至少连续两个季度下降。 Depression refers to a wide scale and long duration of the recession.萧条指规模广且持续时间长的衰退 cause of formation 成因 external cause 外因论Cycle stems from factors outside the economic system - sunspots, war, revolution, elections, gold, or the discovery of new resources, scientific break