Prices, Business Fluctuations, and Cycles
Prices, business fluctuations, and cycles (JEL E3) cover inflation, the price level, and business-cycle dynamics.
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Scope
It includes price-level and inflation determination, business cycles, and the propagation of macroeconomic fluctuations.
Sub-topics
Core questions
- What determines the price level and inflation?
- What causes business cycles?
- How do shocks propagate through the economy?
Key concepts
- Inflation
- Price level
- Business cycles
- Real business cycle theory
- Output gaps
- Fluctuations
Related topics
Frequently asked questions
- What is a business cycle?
- The recurring expansion and contraction of economic activity around its long-term trend.
Methods for this concept
Related concepts
- Money and Interest Rates
- Macroeconomics and Monetary Economics • Industrial Structure • Growth • Fluctuations
- Macroeconomics and Monetary Economics
- Monetary Policy, Central Banking, and the Supply of Money and Credit
- Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook
- Consumption, Saving, Production, Investment, Labor Markets, and Informal Economy