On Wed, Mar 4, 2009 at 11:32 AM, Jim Devine <[email protected]> wrote: >> http://www.econlib.org/library/Enc/BusinessCycles.html > > she continues later: "Business cycles do occur, however, because > disturbances to the economy of one sort or another push the economy > above or below full employment. Inflationary booms can be generated by > surges in private or public spending."
It is significant also how she sees the cause of business cycles as presumably exogenous "disturbances". -raghu. -- milli-helen: The amount of beauty required to launch one ship. _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
