Acton Institute Powerblog

An introduction to business fluctuations

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Note: This is post #109 in a weekly video series on basic economics.

Rather than moving at a steady pace, economic growth ebbs and flows and has booms and busts. Economists refer to these ups and downs around a country’s long-term GDP growth trend as “business fluctuations.”

In this video by Marginal Revolution University, Alex Tabarrok discusses one of the most significant forms of fluctuations: recessions.

(If you find the pace of the videos too slow, I’d recommend watching them at 1.5 to 2 times the speed. You can adjust the speed at which the video plays by clicking on “Settings” (the gear symbol) and changing “Speed” from normal to 1.25, 1.5 or 2.)

Click here to see other videos in the Introduction to Economics series.

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Joe Carter Joe Carter is a Senior Editor at the Acton Institute. Joe also serves as an editor at the The Gospel Coalition, a communications specialist for the Ethics and Religious Liberty Commission of the Southern Baptist Convention, and as an adjunct professor of journalism at Patrick Henry College. He is the editor of the NIV Lifehacks Bible and co-author of How to Argue like Jesus: Learning Persuasion from History's Greatest Communicator (Crossway).