2. Why is it important to keep track of Business Cycles? Explain. Why is it more important to look at longer term (secular) trends vs. shorter term (seasonal) trends while looking at business cycles? Why are economic indicators helpful in analyzing business cycles? Explain.

Essentials of Economics (MindTap Course List)
8th Edition
ISBN:9781337091992
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter23: Aggregate Demand And Aggregate Supply
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Economics
2. Why is it important to keep track of Business
Cycles? Explain. Why is it more important to look
at longer term (secular) trends vs. shorter term
(seasonal) trends while looking at business
cycles? Why are economic indicators helpful in
analyzing business cycles? Explain.
Macroeconomics
Transcribed Image Text:Economics 2. Why is it important to keep track of Business Cycles? Explain. Why is it more important to look at longer term (secular) trends vs. shorter term (seasonal) trends while looking at business cycles? Why are economic indicators helpful in analyzing business cycles? Explain. Macroeconomics
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