6.1 Business cycles (or economic fl uctuations) are short-term fl uctuations in the amount of economic activity,

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6.1 Business cycles (or economic fl uctuations)

are short-term fl uctuations in the amount of economic activity, relative to the longterm growth trend in output.

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Survey Of ECON

ISBN: 9780538478090

1st Edition

Authors: Robert L. Sexton

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