Difference between revisions of "Business cycle"

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According to [[Principles of Economics by Timothy Taylor (3rd edition)]],
 
According to [[Principles of Economics by Timothy Taylor (3rd edition)]],
 
:[[Business cycle]]. Relatively short-term movement of the economy in and out of recession.
 
:[[Business cycle]]. Relatively short-term movement of the economy in and out of recession.
 +
According to [[Macroeconomics by Mankiw (7th edition)]],
 +
:[[Business cycle]]. Economy-wide fluctuations in output, incomes, and employment.
  
 
[[Category: Economics]][[Category: Articles]]
 
[[Category: Economics]][[Category: Articles]]

Latest revision as of 16:54, 1 July 2020

Business cycle is the relatively short-term movement of the economy in and out of recession.

Definition

According to Principles of Economics by Timothy Taylor (3rd edition),

Business cycle. Relatively short-term movement of the economy in and out of recession.

According to Macroeconomics by Mankiw (7th edition),

Business cycle. Economy-wide fluctuations in output, incomes, and employment.