... both consumption and investment spending resulting in an increase in record levels. A History of Business Cycles Since World War II, most business cycles would last 3-5 years peak-to-peak. The average duration of an expansion was 44.8 months and the average duration of a recession has been 11 months. As a comparison, the Great Depression that saw a decline in economic activity between 1929 and 1933, lasted 43 months peak-to-trough. Overview of Britain's Economy Britain's economy is once more in crisis, but crises more serious than those, which have occurred in the past. Failing output, rising unemployment, collapsing investment, a trade deficit chasm all following an inflationary surge, demonstrate the widespread failure of government economic policies during the 1980's. Far from being solved, Britain's economic problems have worsened. Recessions during the 1980's This section of my assessment activity investigates the main points that caused a recession during the 1980's. Inflation During the 80's During the ...

See this essay or coursework document in full right now