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What is Understanding Economic Fluctuations about?

The document discusses the business cycle and its phases: recession, recovery, peak, and trough. It notes that the US experienced a recession from 2001-2003 as the cycle started from its highest deficit. The recovery period was from 2003-2004, with the peak reached in 2004. From 2005, the business experienced a trough as decline set in again. Investment is a major source of capital that affects the business cycle. In the Philippines, a declining economy can lead to job losses and lower wages for many worker

Author

Kenon Joseph Hinanay

Language

EN