Question

what are characteristics of economic fluctuations? Define 3 characteristics.​

Answer 1

Answer:

Economic fluctuations are simply fluctuations in the level of the national income of a country representing growth or contraction. A rise in national income means an economy is growing, while a decline in national income means that an economy is contracting.

Explanation:

The overall characteristics of the economic cycle fluctuations in the planned commodity economy period can be summarized as follows: when the economic cycle fluctuations enter the modern growth stage, the peak position decreases, the valley level rises, the average potential energy increases, the economic development and the amplitude decreases, the  period of the economic growth and the stability of the economic growth, and the impact resistance.

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