Business Cycles (Grade 10 NSC Matric Economics): Flashcards

Natural pattern of economic ups and downs over months/years

Changes before economy, predicts future trends

Changes after economy shifts, confirms changes occurred

Changes at same time as economy, shows current state

Moves in same direction as the economy

Moves in opposite direction to the economy

Leading indicator

Lagging indicator

Main measure to track economic activity and growth

Economic sanctions & boycotts due to apartheid policies