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Symptoms of business cycles
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This chapter identify the four phases of the business cycle; explain the primary characteristics of recessions and expansions; define potential output, measure the output gap, and analyze an economy's position in the business cycle; define the natural rate of unemployment and relate it to cyclical unemployment; apply okun's law to analyze the relationship between the output gap and cyclical unemployment; discuss the differences between how the economy operates in the short run and the long run.
33p
tradaviahe15
23-02-2021
14
2
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This chapter identify the four phases of the business cycle; explain the primary characteristics of recessions and expansions; define potential output, measure the output gap, and analyze an economy's position in the business cycle; define the natural rate of unemployment and relate it to cyclical unemployment; apply okun's law to analyze the relationship between the output gap and cyclical unemployment; discuss the differences between how the economy operates in the short run and the long run.
13p
nanhankhuoctai10
23-07-2020
15
1
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