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Cyclical Unemployment Becomes Structural Unemployment
Cyclical Unemployment Becomes Structural Unemployment

National Economic Recovery Measures in Malta
National Economic Recovery Measures in Malta

... respond to its expenditure needs, as well as on its exports, so as to generate the income. This position demands carefully tailored stimuli measures for the whole economy, which was projected to increase by 0.7% in this year. The Maltese Government has formulated its first policy responses to the re ...
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economic growth - HCC Learning Web

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File

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Business cycle

The business cycle or economic cycle is the downward and upward movement of gross domestic product (GDP) around its long-term growth trend. These fluctuations typically involve shifts over time between periods of relatively rapid economic growth (expansions or booms), and periods of relative stagnation or decline (contractions or recessions).Used in the indefinite sense, a business cycle is a period of time containing a single boom and contraction in sequence.Business cycles are usually measured by considering the growth rate of real gross domestic product. Despite being termed cycles, these fluctuations in economic activity can prove unpredictable.A boom-and-bust cycle is one in which the expansions are rapid and the contractions are steep and severe.
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