Cyclic variation refers to regular and recurring changes in economic activity influenced by factors such as the business cycle or seasonal fluctuations.
The Long-Wave Cycle, also known as the Kondratieff Cycle, refers to a theorized cycle in the modern world economy spanning approximately fifty to sixty years, marked by periods of high sectoral growth followed by declines.
Seasonal unemployment is a type of unemployment that occurs predictably and regularly based on the calendar year, typically due to changes in weather, holidays, and other seasonal events that affect the demand for labor in certain industries.
A V-shaped recovery refers to a sharp rebound in economic activity where the economy experiences a steep decline followed by a rapid and vigorous recovery, typically measured by gross domestic product (GDP) growth.
A macroeconomic phenomenon where rising prices push wages higher, which in turn increases production costs and leads to further price increases, creating a feedback loop.
