Introduction
The cyclical nature of the economy can be explained by either a change in aggregate demand at a constant value of the aggregate supply (aggregate expenditure growth leads to a rise and their reduction causes a recession); or any change in the aggregate supply at a constant value of aggregate demand (reduction of aggregate supply is the decline in the economy, its growth – recovery). Recession is predicted, expected process, an integral part of the development cycle. The concept of a recession is intended to accompany the logical-dip slump in the graph growth territory.
As one of the stages of
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