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What are the four elements in the resonance model?
Business Cycles
Fluctuations in economic activity characterized by periods of expansion (growth) and contraction (recession) in an economy.
Upward Trend
A pattern or movement in data points that shows an increase over a period of time, often used in economic, financial, and market analyses.
Classical Analysis
An economic theory that focuses on free markets, growth, and the economy's self-regulating nature, emphasizing the importance of limited government intervention.
Growth
The increase in the economic output of a country or region, typically measured by the rise in the Gross Domestic Product (GDP), over time.
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