1. The Economic Cycle in Pictures Using images to reinforce the different stages of the economic cycle

2. A: The number of new housing starts begins to fall B: There are more unfilled job vacancies C: Increasing hours of overtime D: Rising homelessness H: Consumers hit by delays in product delivery K: Share prices hit by rise in number of company profit warnings E: Rising demand for steel M: Rising real income L: Rising lipstick sales I: Home delivered pizza becomes more popular J: Rising business class air revenues G: Car plants decide to reduce the number of shifts F: Long-term unemployment reaches new high N. Government announces a fall in trade deficit due to decline in imports

3. O: Supply of rented property exceeds demand P: Brick manufacturers report a rise in unsold stocks Q: McDonald’s holds prices despite rise in costs T: The cost of shipping goods around the world starts to rise U: More building skips start appearing on the streets V: Sales of milk chocolate start to decline X: Oil refineries report a reduction in crude oil stocks Y: More companies attempt to introduce wage freezes W: Shops delivering lunchtime sandwiches to offices raise their prices because of strong demand R: Imports of sewing machines rise S: Banks relax credit rules Z: Rising government spending

5. Real GDP Time The economic cycle in pictures ABCDEF GHIJKL MNOPQR TUVWXYZ S