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Vincent Curtis
History
21 September, 20:23
Explain the Boom-and-bust cycle
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Danika Crosby
21 September, 20:44
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It's a process of economic expansion and contraction that occurs repeatedly. The boom and bust cycle is a key characteristic of today’s capitalist economies. During the boom the economy grows, jobs are plentiful and the market brings high returns to investors. In the subsequent bust the economy shrinks, people lose their jobs and investors lose money. Boom-bust cycles last for varying lengths of time; they also vary in severity
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