This chapter discusses the importance of economic mobility.
a. what policies might the government pursue to increase economic mobility within a generation?
b. what policies might the government pursue to increase economic mobility across generations?
c. do you think we should reduce spending on current welfare programs to increase spending on programs that enhance economic mobility? what are some of the advantages and disadvantages of doing so?

The business cycle is the periodic but irregular up-and-down movement in economic activity, measured by fluctuations in real gross domestic product (gdp) and other macroeconomic variables. a business cycle is typically characterized by four phases—recession, recovery, growth, and decline—that repeat themselves over time. economists note, however, that complete business cycles vary in length. the duration of business cycles can be anywhere from about two to twelve years, with most cycles averaging six years in length. some business analysts use the business cycle model and terminology to study and explain fluctuations in business inventory and other individual elements of corporate operations. but the term "business cycle" is still primarily associated with larger (industry-wide, regional, national, or even international) business trends.