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What happens when the Fed buys bonds?
What happens when the Fed buys bonds?

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Introduction to Macroeconomics

... Contraction: A decline in the real GDP. If it falls for two consecutive quarters, it is said the economy to be in a recession. Trough: The Low Point of the GDP, just before it begins to turn up. Recovery: When the GDP is rising from the trough. Expansion: when the real GDP expands beyond the recover ...
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The Keynesian Short-Run Aggregate Supply Curve— Sticky Prices

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Chapter 26: The “Prosperity” of Wartime
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ECON 202 - Quiz One

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aggregate supply aggregate demand krugman 2nd ed

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Business cycle

The business cycle or economic cycle is the downward and upward movement of gross domestic product (GDP) around its long-term growth trend. These fluctuations typically involve shifts over time between periods of relatively rapid economic growth (expansions or booms), and periods of relative stagnation or decline (contractions or recessions).Used in the indefinite sense, a business cycle is a period of time containing a single boom and contraction in sequence.Business cycles are usually measured by considering the growth rate of real gross domestic product. Despite being termed cycles, these fluctuations in economic activity can prove unpredictable.A boom-and-bust cycle is one in which the expansions are rapid and the contractions are steep and severe.
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