Cyclicity - Unavoidable Process in the Economic Evolution
In general, conditions of economic nature undergo changes; moderate expansions give often birth to inflation and it turn to recessions. Lately more and more economists have tried to approach a series of aspects concerned with the development of business cycle at macro-economic level, the relationshi...
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| Format: | Article |
| Language: | English |
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Ovidius University Press
2017-01-01
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| Series: | Ovidius University Annals: Economic Sciences Series |
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| Online Access: | http://stec.univ-ovidius.ro/html/anale/RO/2017-2/Section%20IV/3.pdf |
| Summary: | In general, conditions of economic nature undergo changes; moderate expansions give often birth to inflation and it turn to recessions. Lately more and more economists have tried to approach a series of aspects concerned with the development of business cycle at macro-economic level, the relationship existing between business cycle at macro-economic level and business cycle specific to micro-economic one.
When identifying a business cycle special attention is given to the periods in which the economic activity declines. The phases of cyclic movement are mutually conditioned and prepare in time the pr. |
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| ISSN: | 2393-3127 2393-3127 |