1. Economic Cycles The economy is cyclical: periods of growth are followed by periods of recession. Periods of recession are defined by a slowdown in economic activity resulting in job losses, unemployment, budget defici

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Date: 2014-12-18 05:58:18 Economics Eurozone European Financial Stability Facility European Financial Stabilisation Mechanism European Fiscal Union Euro convergence criteria Stability and Growth Pact European Central Bank International Monetary Fund European sovereign debt crisis European Union Europe		1. Economic Cycles The economy is cyclical: periods of growth are followed by periods of recession. Periods of recession are defined by a slowdown in economic activity resulting in job losses, unemployment, budget defici Add to Reading List Source URL: ec.europa.eu Download Document from Source Website File Size: 2,75 MB Share Document on Facebook

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