The Business Cycle
It is widely recognized that most sectors of the economy move up and down together over the business cycle, a trait known as comovement. Such diverse economic activities as aircraft production in Washington State and rug-making in Dalton, Georgia typically experience prosperity and recession at the same time.
Suggested citation: “The Business Cycle,” Federal Reserve Bank of Cleveland, Economic Trends, no. 98-11, pp. 12-13, 11.01.1998.