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10 August, 17:07

Short-run fluctuations in output and employment are referred to as

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  1. 10 August, 17:18
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    I think they may be referred to as business cycles. Business cycles are recurring reduction and increases in the economy activities level over periods of time, may be years. These cycles consists of peak, trough recession and expansion phases. Short run fluctuations in output and employment are business cycles.
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