Essay: Economic Fluctuations – Recession in United States

Sample Essay

Economic fluctuation is the term provided with reference to the business cycle or the economic cycle. It concentrates on the aggregate behaviour of output, employment, and prices with focus on the economy as a whole over a long period of time.

The activities of the nations are dependent on the fluctuation of the economic cycle which consists of aggregate economic activity. The cycle is the process which includes the economic activities like the recessions and the boom, which could vary among different nations. These activities are assumed by the economists to be the outcomes of the factors such as the government policies, and they are solely held responsible for the irregular fluctuations by the essential attributes of the market. As the trading between the nations all over the world has developed with a massive rate, so the fluctuation in the economic cycle of one nation has its effects on the other nations as well.  (Krugman & Wells, 2009)

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