trade cycle

MACRO ECONOMICS RESEARCH ASSIGNMENT Economic "crises" occurred throughout the 19th century. By the latter part of the century, a number of observers had come to the conclusion that there was a regular, wavelike pattern to crises, and they called this pattern the business cycle. A cycle with its regular and periodic fluctuations needed an explanation. What caused the pattern? What forces determined the length and amplitude of the waves? Could the cycle be eliminated? Business …

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