Title: The Trade Cycle: Keynesian and Monetarist Interpretations
Abstract: The long-run expansion of industrialised market economies has been accompanied by cyclical fluctuations in economic activity. This type of fluctuation is known as the business or trade cycle. The general feature of the cycle is that an expansion of economic activity is followed by a contraction, which is in turn succeeded by a further expansion. Explaining the occurrence of trade cycles has been a major preoccupation of macroeconomics for a long time.
Publication Year: 1982
Publication Date: 1982-01-01
Language: en
Type: book-chapter
Indexed In: ['crossref']
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