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Essay Assignment
Length: 1000 words.
During the last third of the course, we have studied the Business Cycle. Please using the readings of Knoop and Lightner please explain the following:
1. The Business Cycle: definition, problems, reasons, facts2. Explain the four phases of the business cycle3. What is the difference between recession and depression4. How or what are the causes
You can only use the materials from the books that I provide to answer the questions. No other resources like Google. You can directly cited the words from the books, but please leave the page number after your citation so I can find where you cited. Thanks :)
Text Books:
1. The History of Businss Depressions by Otto C. Lightner.
2. Business Cycle Economics by Todd A. Knoop.
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