Keywords

#business_cycle

Business cycle

Intervals of expansion and recession in economic activity

Business cycles are intervals of general expansion followed by recession in economic performance. The changes in economic activity that characterize business cycles have important implications for the welfare of the general population, government institutions, and private sector firms.

Tue 6th

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Business cycle Real business-cycle theory Austrian business cycle theory List of recessions in the United States Nicholas Kaldor Business cycle accounting Cycle Macroeconomic model List of cycles Joseph Schumpeter
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