Economic Indicators and Measurements

Scaffold understanding of the standard(s) and/or element(s). Paraphrase the standard(s) and/or element(s). Rewrite the standard including synonyms or brief definitions in parentheses and in a different color following the key terms found in step 1.

• SSEMA1f
• f. Define the stages (phases) of the business cycle (ups and downs), include peak (highest), contraction (shrinkage), trough (trench), recovery(retrieval) /expansion (growth) as well as recession (downturn) and depression (lowest point of an recession).