The business cycle is a series of peaks and troughs.
商业周期一系列的高峰期和低谷期。
The business cycle is a series of peaks and troughs.
商业周期一系列的高峰期和低谷期。
Artificial credit expansion — credit not funded by savings — creates the business cycle by spawning capital malinvestment.
虚假的信贷膨胀——蓄创造出来的信贷——制造了大量资本的错误投资而导致了商业周期。
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