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Employment and income fluctuate together over time. This short-run phenomenon is known as the business cycle. In this chapter, we will identify the main driving forces of business cycles. We will examine exogenous and endogenous theories of the business cycle.

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Exogenous and Endogenous Cycles

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  • 发表日期：

    2025年

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  • Leo Ferraris

摘要

Employment and income fluctuate together over time. This short-run phenomenon is known as the business cycle. In this chapter, we will identify the main driving forces of business cycles. We will examine exogenous and endogenous theories of the business cycle.