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In the Keynesian corner, Tyler Cowen examines the Keynesian theory of the business cycle. Learn more: Business cycles are dated according to the peaks and troughs of economic activity. A single business cycle is dated from peak to peak or trough
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Macro: Unit 1.1 -- The Business Cycle The NBER's Business Cycle Dating Committee maintains a chronology of US business cycles. The chronology identifies the months of peaks and troughs of economic Why do economies experience booms and busts? Well, according to the Austrian school of economics, one of the reasons is
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We are all somewhat familiar with economic expansion and recession. And pretty much everyone has heard of The Great