Business Cycles: Boom and Bust

We are all somewhat familiar with economic expansion and recession. And pretty much everyone has heard of The Great Depression. What are recessions and depressions? How do we describe the business cycles that produce them? Let's define this term, talk about some major indicators and drivers of business cycles, and then look at what prominent economists Friedrich Hayek and John Maynard Keynes had to say about them.

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Видео Business Cycles: Boom and Bust канала Professor Dave Explains