Social Sciences and History / Unit 14 SSH 1310 short lesson, about 20 seconds
Peak, Recession, Trough, Depression
Captions available
The idea
Real GDP has risen dramatically over the long term, but unevenly; the speeding and slowing is the business cycle. A recession is a significant decline in national output; a depression an especially lengthy and deep one. Recessions begin at the peak and end at the trough.
In practice
Peak, down, trough, up.
Where people slip
Unit 08's two-quarter rule is that anchor's.
Your place on the trail
Every lesson rests on earlier ones and opens later ones. Tap any to jump.
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