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May 26, 2024

QUESTION 1. In Chapter 2 – Describing Business Cycles – we cover in depth the idea behind this economic concept.

General Question

QUESTION 1.

In Chapter 2 – Describing Business Cycles – we cover in depth the idea behind this economic concept.

Refering to this chapter: Please explain the concept of the Business Cycle

QUESTION 2.

We have covered in Chapter 4 the business cycle from Keyne´s perspective and in Chapter 5, we covered the business cycle from the Austrian perspective. Based on these 2 chapters and theories:

Please:

What are the main pillars that explain each of these theories.

What do they have in common and what sets them apart.

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