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Business Cycle
Essay specific features
Written by:
Raymond J
Date added:
June 27, 2017
Level:
University
Grade:
B
No of pages / words:
3 / 749
Was viewed:
5784 times
Rating of current essay:
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...
displayed 300 characters
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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...
displayed 300 characters
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