EPF Worksheet - The Business Cycle with KEY

This worksheet covers the four phases of the business cycle and is designed to help teachers teach this important topic to their students. The worksheet includes a description of each of the four phases (Expansion, Peak, Contraction, Trough) and clear explanations of what each phase entails. Seven real-world scenarios are also included, which will help students to apply their knowledge of the business cycle in a practical way. For each scenario, students are asked to identify the phase of the business cycle the economy is in and explain their reasoning in complete sentences. This worksheet is ideal for economics, business studies, or social studies classes and is available for purchase on Teachers pay Teachers.