How Was The Third World Debt Crisis Precipitated?

How Was The Third World Debt Crisis Precipitated? The origins of developing-world debt crisis can be traced to the oil-price shock of 1973–74. At the time, the member states of the Organization of the Petroleum Exporting Countries (OPEC) limited the supply of oil, which resulted in a huge increase in its price. … First, there

What Are The Causes Of Cyclical Unemployment?

What Are The Causes Of Cyclical Unemployment? What Causes Cyclical Unemployment? Cyclical unemployment can be caused by a recession, which is a period of negative economic growth. Cyclical unemployment can also be caused by downturns in a business cycle in which demand for goods and services decreases over time. What is an example of cyclical