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One of the core phenomena that economists want to understand––that anyone wants to understand!– is why things in the economy change. We look at these changes in the economic cycles to see if there are any patterns we can learn from– or to help us predict future shifts.
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Chapters:
0:00 – Introduction
1:13 – Irregular and Unpredictable
3:53 – Macroeconomic Quantities of a Feather Fluctuate Together
6:01 – Less Output, More Unemployment
7:55 – Economic Fluctuations in Real Life
9:14 – Conclusion
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