Why do we talk about business cycles for the economy as a whole, rather than just talking
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Why do we talk about business cycles for the economy as a whole, rather than just talking about the ups and downs of particular industries? Describe who gets hurt in a recession, and how.
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Business cycles refer to the fluctuation of economic activity over time typically characterized by periods of expansion and contraction in overall economic output While specific industries may experie...View the full answer
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