What Is A Period Of Macroeconomic Expansion Followed By A Period Of Contraction?
What Is A Period Of Macroeconomic Expansion Followed By A Period Of Contraction? A business cycle is a macroeconomic period of expansion followed by a period of contraction. A modern industrial economy experiences cycles of goods times, then bad times, then good times again. WHAT IS A of macroeconomic expansion followed by a of contraction?