Draw a Graph to Illustrate the Phases of the Business

question 67

Essay

Draw a graph to illustrate the phases of the business cycle.Be sure to identify the length of a contraction and an expansion.Identify a peak and a trough.

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Definitions:

Type B

Friedman and Rosenman’s term for easygoing, relaxed people.

Hard-Driving

Exhibiting or characterized by aggressive, energetic effort or activity, often in pursuit of a goal.

Type B Personalities

Refers to a personality type characterized by a relaxed, patient, and easy-going nature.

Relaxed

A state of being free from tension and anxiety.