{"id":297,"date":"2024-05-30T03:23:11","date_gmt":"2024-05-30T03:23:11","guid":{"rendered":"https:\/\/course.oeru.org\/maec102\/?page_id=297"},"modified":"2024-05-30T03:23:11","modified_gmt":"2024-05-30T03:23:11","slug":"required-reading-the-business-cycle","status":"publish","type":"page","link":"https:\/\/course.oeru.org\/maec102\/learning-pathways\/the-macroeconomic-model\/required-reading-the-business-cycle\/","title":{"rendered":"Required reading: The business cycle"},"content":{"rendered":"<div id=\"content\" class=\"mw-body container\" role=\"main\">\n<div class=\"row\">\n<div class=\"col-md-12\">\n<div class=\"panel\">\n<div class=\"panel-body\">\n<div id=\"bodyContent\">\n<div id=\"mw-content-text\" lang=\"en\" dir=\"ltr\" class=\"mw-content-ltr\">_<div class=\"panel iDevice\">\n\t<div class=\"panel-heading idevice-heading\">\n\t\t<div>\n\t\t\t<img decoding=\"async\" class=\"pedagogicalicon\" alt=\"reading\" src=\"https:\/\/course.oeru.org\/maec102\/wp-content\/themes\/oeru_course\/idevices\/Icon_reading.png\">\n\t\t<\/div>\n\t\t<div>\n\t\t\t<h2>Required Readings: Business cycle<\/h2>\n\t\t<\/div>\n\t<\/div>\n\t<div class=\"panel-body\">\n\t\t<div class=\"col-md-12\">\n\t\t\t<\/p>\n<div class=\"thumb tright\">\n<div class=\"thumbinner thumbnail\" style=\"width:402px;\"><a href=\"https:\/\/wikieducator.org\/File:Cycle_%C3%A9conomique.jpg\" class=\"image\"><img loading=\"lazy\" decoding=\"async\" alt=\"\" src=\"https:\/\/upload.wikimedia.org\/wikipedia\/commons\/2\/22\/Cycle_%C3%A9conomique.jpg\" width=\"400\" height=\"272\" class=\"thumbimage img-responsive\"><\/a>  <\/p>\n<div class=\"thumbcaption\">The economic cycle<\/div>\n<\/div>\n<\/div>\n<p>There is an inherent tension between price stability, or inflation, and unemployment,\n<\/p>\n<p>While reading, consider the following questions:\n<\/p>\n<ol>\n<li> What are the tensions between controlling either inflation or unemployment?\n<\/li>\n<li> Is there an acceptable amount of inflation or unemployment if the economy as a whole is doing well?\n<\/li>\n<\/ol>\n<ul>\n<li> Read Chapter 6: Business Cycle from <a rel=\"nofollow\" class=\"external text\" href=\"https:\/\/learn.saylor.org\/mod\/page\/view.php?id=7637\">John Petroff&#8217;s &#8220;Macroeconomics&#8221;<\/a> text book, which provides definition and insights into the key terminology used by economists to describe the stages of the business cycle.\n<\/li>\n<\/ul>\n<ul>\n<li> Read the section on Business Cycle&#8217;s from <a rel=\"nofollow\" class=\"external text\" href=\"https:\/\/en.wikibooks.org\/wiki\/Macroeconomics\/Business_Cycle\">the Wikibooks: &#8220;Macroeconomics&#8221;<\/a> text book, to learn about the business cycle and the four phases that help define this cycle. Real GDP varies over time, and the business cycle describes the pattern of its fluctuations.\n<\/li>\n<\/ul>\n<p>Having read these two chapters, jot down any of your reflections, thoughts or questions on this subject in a WeNotes post.\n<\/p>\n<\/p>\n<div><p>You must be logged in to post to WEnotes.<\/p><\/div>\n<p>\n<\/p>\n<p>\n\t\t<\/div>\n\t<\/div>\n<\/div><\/p>\n<p><!-- \nNewPP limit report\nCPU time usage: 0.080 seconds\nReal time usage: 1.232 seconds\nPreprocessor visited node count: 113\/1000000\nPreprocessor generated node count: 818\/1000000\nPost\u2010expand include size: 3914\/2097152 bytes\nTemplate argument size: 2440\/2097152 bytes\nHighest expansion depth: 7\/40\nExpensive parser function count: 0\/100\n--><\/p>\n<p><!-- Saved in parser cache with key we_en-mw_:pcache:idhash:177066-0!*!*!*!*!2!* and timestamp 20240530032310 and revision id 1034949\n -->\n<\/div>\n<div class=\"visualClear\"><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"row\">\n<div class=\"col-md-12\">\n<ul class=\"pager\">\n<li class=\"previous\">\n            <a href=\"\/maec102\/learning-pathways\/the-macroeconomic-model\/introduction-and-objectives\">\u2190 Previous<\/a>\n          <\/li>\n<li class=\"next\">\n            <a href=\"\/maec102\/learning-pathways\/the-macroeconomic-model\/video-explainer-stability-of-the-economy\">Next \u2192<\/a>\n          <\/li>\n<\/ul><\/div>\n<\/p><\/div>\n<div id=\"wenote-ids\"><script type='text\/javascript' id='wenotes-ids'>\n    var WEnotesSite = \"https:\/\/wikieducator.org\";\n    var WEnotesPath = \"\/Macroeconomics_activity_and_demand\/Business_cycle\";\n    var WEnotesSiteID = \"0e3d258fbd36841f92259eefcd41d5e9\";\n    var WEnotesPathID = \"dae63c493be537f96cbc2f38270aca39\";\n    var WEnotesIDs = { site: \"https:\/\/wikieducator.org\", path: \"\/Macroeconomics_activity_and_demand\/Business_cycle\", site_id: \"0e3d258fbd36841f92259eefcd41d5e9\", path_id: \"dae63c493be537f96cbc2f38270aca39\" };\n<\/script><\/div>\n<\/div>\n<footer><\/footer>\n","protected":false},"excerpt":{"rendered":"<p>_ \u2190 Previous Next \u2192<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":293,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-297","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/course.oeru.org\/maec102\/wp-json\/wp\/v2\/pages\/297","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/course.oeru.org\/maec102\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/course.oeru.org\/maec102\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/course.oeru.org\/maec102\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/course.oeru.org\/maec102\/wp-json\/wp\/v2\/comments?post=297"}],"version-history":[{"count":1,"href":"https:\/\/course.oeru.org\/maec102\/wp-json\/wp\/v2\/pages\/297\/revisions"}],"predecessor-version":[{"id":298,"href":"https:\/\/course.oeru.org\/maec102\/wp-json\/wp\/v2\/pages\/297\/revisions\/298"}],"up":[{"embeddable":true,"href":"https:\/\/course.oeru.org\/maec102\/wp-json\/wp\/v2\/pages\/293"}],"wp:attachment":[{"href":"https:\/\/course.oeru.org\/maec102\/wp-json\/wp\/v2\/media?parent=297"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}