Description

Understanding Economic Cycles explores how to assess comparative and absolute advantages for countries and the impact of trade, a county's credits and debits in international transactions, and how monetary and fiscal policy impacts economic activity.

Learning Objectives

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1. Recall the implications of economic cycles.
2. Assess comparative and absolute advantages for countries and the impact of trade.
3. Recall how monetary and fiscal policy impacts economic activity.
4. Determine the impact of monetary and fiscal policy on the business cycle.