Question
Economic growth studies economic phenomena in the long term, while fluctuations or economic cycles study economic behavior in the short term. Do you agree with
Economic growth studies economic phenomena in the long term, while fluctuations or economic cycles study economic behavior in the short term. Do you agree with that statement? Why is that? Explain using the equation/measurement model of the two quantities to support your answer! What are recessions, expansions, and economic downturns? Has Indonesia experienced the last 3 things?
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International Economics Theory and Policy
Authors: Paul R. Krugman, Maurice Obstfeld, Marc Melitz
11th Edition
134519574, 9780134521046 , 978-0134519579
