An introduction to business fluctuations

Note: This is post #109 in a weekly video series on basic economics.
Rather than moving at a steady pace, economic growth ebbs and flows and has booms and busts. Economists refer to these ups and downs around a country’s long-term GDP growth trend as “business fluctuations.”
In this video by Marginal Revolution University, Alex Tabarrok discusses one of the most significant forms of fluctuations: recessions. Continue Reading…
Related posts:
An introduction to the Solow Model
The puzzle of economic growth
The economics of ideas

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