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The Global Crisis and Cyclical Theory

Author

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  • George HARALAMBIE

    (“Petrol-Gaze†University of Ploieşti)

Abstract

The dynamics of social development shows that, throughout history, economies have experienced periods of boom and crisis, which were repeated at short, medium and long term, which induces the idea of cyclicality. The effects of the crisis were experienced in terms of investment, output, aggregate demand.

Suggested Citation

  • George HARALAMBIE, 2011. "The Global Crisis and Cyclical Theory," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania - AGER, vol. 0(11(564)), pages 79-88, November.
  • Handle: RePEc:agr:journl:v:11(564):y:2011:i:11(564):p:79-88
    as

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