Business cycle worksheet: label the peaks, trough, expansion and contraction

An example figure from the Business Cycle generator.

Black and white business cycle graph with Real GDP up the side, Time along the bottom and no numbers on the axes: a wave of real GDP around a dashed, upward-sloping trend line, with a dot and a blank line above each of the two peaks, a dot and a blank line below the trough, and arrows with blank lines pointing to the fall after the first peak and to the rise before the second peak — A worksheet business cycle in black and white, with blank lines for students to label. Real GDP rises to a peak, falls to a trough and rises to a second, higher peak around a dashed long-run trend. Dots mark the two peaks and the trough, each with a blank line, and arrows with blank lines point to the fall after the first peak and the rise to the second.

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