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Business Cycles
Economic growth is not a continuous process. Superimposed on the long-term trends are short-term fluctuations in the levels of economic activity and\or in growth rates. These upswings and downswings are of varying duration and intensity and are referred to as 'cycles'. Governments attempt to smooth out these fluctuations with the use of contra-cyclical monetary and fiscal policies. The latest developments in macroeconomic thought regard business cycles as the central (if not the only) problem of macroeconomics.
ihave real gdp per capita for all countries in world .. how can i calculate world real gdp per capita by using the data.
illustrate and discuss the market structures competitiveand non competitive for price determination
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What do I calculate with quantity of each good produced, to find the Real GDP?
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