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Essay

Business Cycle

Essay specific features

 

Issue:

Miscellaneous

 

Written by:

Raymond J

 

Date added:

June 27, 2017

 

Level:

University

 

Grade:

B

 

No of pages / words:

3 / 749

 

Was viewed:

5723 times

 

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Essay content:

Production costs can increase, helping create a rise in prices, and consumers buy less. Inventories accumulate, causing price declines. Manufacturers begin to diminish; workers are laid off. Such factors lead to a period of liquidation, and money is hoarded, not invested. Production cutbacks and factory shutdowns occur...
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Unemployment becomes widespread. A depression is in progress. Recovery may be initiated by a reawakening in consumer demand or government action to stimulate the economy. Prices rise more rapidly than costs. Employment increases, and people buy more. Investment expands. A new cycle is under way. (msnencarta...
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