business cycle

Definition

A predictable long-term pattern of alternating periods of economic growth (recovery) and decline (recession), characterized by changing employment, industrial productivity, and interest rates. also called economic cycle.

Use business cycle in a sentence

My boss told me not to worry about the economic downturn because he was convinced it was just another stage in the long term business cycle.

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There were many economists that thought we had figured out the business cycle, but the recession and financial crisis of 2008 convinced sparked debate in the profession that maybe we hadn't.

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During the recent few decades, several business cycles are evident: with the gas crisis of the 1970s, the most recent recession, and the recession surrounding the events of September 11, 2001, negative trending business cycles are evident.

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