02 Business Cycle
Learning objectives:
1. Explain the business cycle.
2. Describe the terms: boom, recession, slump and recovery.
3. Explain the effect of a specific stage of the business cycle on the demand for the factors of production.
Licence: Creative Commons Attribution Share Alike 4.0 International
Keywords: economics, macro economics, micro economics, economic structure, boom, recession, slump, recovery
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