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Cyclical Fluctuations in the National Economic Operation

In: National Economics

Author

Listed:
  • Muxi Lin

    (Liaoning University)

  • Taiyan Huang

    (Renmin University of China)

Abstract

In operating the national economy, changes in total social supply and demand cause changes in the economic growth rate. When the economic growth rate fluctuates drastically, it indicates a severe imbalance between total social supply and demand. If cyclical variation characterizes such national economic fluctuations, they are referred to as business cycle fluctuations. This chapter mainly discusses the patterns, causes, and transmission mechanisms of cyclical fluctuations in the national economy.

Suggested Citation

  • Muxi Lin & Taiyan Huang, 2025. "Cyclical Fluctuations in the National Economic Operation," Springer Books, in: National Economics, chapter 0, pages 147-160, Springer.
    • Handle: RePEc:spr:sprchp:978-981-96-9618-5_7
    DOI: 10.1007/978-981-96-9618-5_7
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