Information about business cycles

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Important information about Business Cycles

Need help to summarize the main idea of the broken window fallacy.

How are the five economic ideas represented by the broken window fallacy?

1. What goods and services are produced, and in what quantities?

2. How are goods and services produced?

3. When are goods and services produced and consumed?

4. Where are goods and services produced?

5. Who consumes goods and services?

Reference no: EM1369766

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