Chap 4, Part II: What the Best MBAs Know Serialization

Macroeconomics and the Well-Timed Business Strategy

Team,

Here’s Part II of the Macroeconomics chapter! Enjoy!!

Peter

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THE BUSINESS CYCLE DEFINED

To begin our discussion of the business cycle, let us first more specifically define a term we introduced earlier, namely, the gross domestic product or GDP. A na…