Economic fluctuations are cyclical from "summary" of Principles of Economics by Saifedean Ammous
Economic fluctuations are cyclical, which means that they follow a pattern of expansion followed by contraction. These fluctuations are a normal part of the economic cycle and can be seen in various economic indicators such as GDP growth, employment rates, and inflation.
During an economic expansion, businesses are growing, employment is high, and consumer confidence is strong. This leads to increased spending and investment, which further fuels economic growth. However, this period of expansion cannot last forever, and eventually, the economy reaches a peak and begins to contract.
During an economic contraction, businesses start to slow down, unemployment rises, and consumer spending decreases. This leads to a dec...
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