kokkutõmbumistsüklid
Kokkutõmbumistsüklid refers to the recurring patterns of economic contraction and expansion that characterize the business cycle. This cyclical nature of economic activity is a fundamental concept in macroeconomics, describing the fluctuations in aggregate output, employment, and income over time. These cycles are not regular in their timing or amplitude, making precise prediction challenging.
A typical economic cycle consists of four phases. The expansion phase is characterized by rising employment,
After a period of contraction, the economy eventually bottoms out and begins to recover, marking the start