This video teaches the concept of Business Cycles. The pattern in which economies have periods of recession and then also periods of economic expansion or recovery is known as the business cycle.

Concepts

fiscal policy

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Additional Tags

business cycles, aggregate demand (ad), aggregate supply (as), gross domestic product (gdp), recession

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Classroom Considerations

• Knovation Readability Score: 4 (1 low difficulty, 5 high difficulty)