peak

(noun)

The highest value reached by some quantity in a time period.

Related Terms

  • expansion
  • contraction
  • trough

Examples of peak in the following topics:

  • The Business Cycle: Definition and Phases

    • Business cycles are identified as having four distinct phases: expansion, peak, contraction, and trough.
    • A peak is realized when the economy is producing at its maximum allowable output, employment is at or above full employment, and inflationary pressures on prices are evident.
    • In the United States, it is generally accepted that the National Bureau of Economic Research (NBER) is the final arbiter of the dates of the peaks and troughs of the business cycle.
    • An expansion is the period from a trough to a peak, and a recession as the period from a peak to a trough.
    • The phases of a business cycle follow a wave-like pattern over time with regard to GDP, with expansion leading to a peak and then followed by contraction leading to a trough.
  • How Income is Allocated

    • The Kuznets curve depicts the relationship between inequality and income; after hitting a market peak, inequality will decrease as income increases.
  • From Protectionism to Liberalized Trade

    • U.S. protectionism peaked in 1930 with the enactment of the Smoot-Hawley Act, which sharply increased U.S. tariffs.
  • Effect of a Government Budget Deficit on Investment and Equilibrium

    • Conversely, at the peak of the cycle, unemployment is low, increasing tax revenue and decreasing spending, which leads to a budget surplus.
    • By definition, the cyclical deficit will be entirely repaid by a cyclical surplus at the peak of the cycle.
  • Volcker Disinflation

    • When he became chairman in 1979, inflation was high and peaked in 1981 at 13.5%.
  • The Federal Funds Rate

    • The peak in the 1980s reflects the contractionary monetary policy the Fed instituted to combat high levels of inflation due to oil shocks, and the low rate in the late 2000s reflects expansionary monetary policy meant to combat the effects of recession.
  • Growth in the United States

    • 1980s: the U.S. share of the world GDP peaked in 1985 with 23.78% of global GDP.
  • The 1990s and Beyond

    • After peaking at $290,000 million in 1992, the federal budget steadily shrank as economic growth increased tax revenues.
  • Depression and Post-War Victories

    • Strikes erupted in many industries, with the number of work stoppages reaching a peak in 1946.
Subjects
  • Accounting
  • Algebra
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  • Microbiology
  • Physics
  • Physiology
  • Political Science
  • Psychology
  • Sociology
  • Statistics
  • U.S. History
  • World History
  • Writing

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