Business Fluctuations The lesson of Keynesian economics is that “changes in aggregate demand can have a powerful impact on the overall level of output, employment,…
Slide 1Business Cycles for Introduction to Austrian Economics By Paul F. Cwik, Ph. D. Mount Olive College & The Foundation for Economic Education Slide 2 Prepare to get…
Slide 1THE BUSINESS CYCLE 30 CHAPTER Slide 2 Objectives After studying this chapter, you will able to Distinguish among the different theories of the business cycle Explain…