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Uploaded by nausheen. Business Cycle - A business cycle is also known as trade cycle. It implies wave like fluctuations in the level of economic activity, particularly in national income a, employment and output. It is a short term picture of the behaviour of real output in a private enterprise economy.
In this economics worksheet, students study the phases of the business cycle as they read an article and respond to 9 short answer questions pertaining to the table entitled "The U.S.
Economy from ". In economics Keynesian economics, also Keynesianism and Keynesian Theory, is based on the ideas of twentieth-century British economist John Maynard dailywn.coming to Keynesian economics the public sector, or the state, can stimulate economic growth and improve stability in the private sector—through, for example, interest rates, taxation, and public projects.
CLASSIFICATION OF TOPICS FOR THE GRADE 12 ECONOMICS QUESTION PAPERS. ECONOMICS GR PAPER 1 MARKS - 1½ HOURS. PAPER 2 MARKS - 1½ HOURS. MAIN TOPIC. MACROECONOMICS: MAIN TOPIC given real business cycle .Economics business cycle essay