MAJOR ISSUSE IN MACROECONOMICS
MAJOR ISSUSE IN MACROECONOMICS
BUSINESS CYCLES:
Throughout history market economics have experienced what are called business cycles ,business cycles refer to fluctuations in out put and employment with alternating periods of boom and recession ,in boom periods both out put and employment are at high levels, whereas in recession periods both out put and employment fall and as a consequence large un employment come to exist in the economy ,when these recessions are extremely severe,they are called depressions ,what are the causes of these business cycles or ups and downs in market economics is an important macroeconomics issues which has been highly controversial ,the objectives of macroeconomic plicy is to achiece economic stablity with equilibrium at full employment level of out put and income ,we shall discuss various theories of business cycles and also monetary and fiscal policies to control business cycles and achieve economic stability.
info education macroeconomics
by santosh
BUSINESS CYCLES:
Throughout history market economics have experienced what are called business cycles ,business cycles refer to fluctuations in out put and employment with alternating periods of boom and recession ,in boom periods both out put and employment are at high levels, whereas in recession periods both out put and employment fall and as a consequence large un employment come to exist in the economy ,when these recessions are extremely severe,they are called depressions ,what are the causes of these business cycles or ups and downs in market economics is an important macroeconomics issues which has been highly controversial ,the objectives of macroeconomic plicy is to achiece economic stablity with equilibrium at full employment level of out put and income ,we shall discuss various theories of business cycles and also monetary and fiscal policies to control business cycles and achieve economic stability.
info education macroeconomics
by santosh
LINK REFER.SANTOSH
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