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Economics11 Macroeconomics: The Business Cycle

ATAR Units 1 and 2

RBA. Illustrator Groups in the Labour Market.

Macroeconomic Activity

Macroeconomic activity is the actions that generate the production of goods and services, employment and incomes on a large scale. This video explains the two major influences on the business cycle, aggregate demand and aggregate supply, and how they influence expansion and contraction in the economy. Featuring real-life examples statistics and informative graphs and diagrams, this is an essential resource for Economics classrooms.