Business cycles are economic fluctuations
Business cycles are economic fluctuations. Business cycle phases include the recession, depression, growth, and boom. Recession and depression phases are characterized by low production, decrease in i...
Abstract Business cycle has four fluctuations that it exhibits. This is because an economy cannot be said to on a steady growth throughout the period. Therefore, during periods of lots of economic act...
This Is certainly a period somewhat unique as unlike the ass and ass, Britain did not experience a recession. Therefore It can be argued that the 13 years were not wasted In regards to the economy, as...