Economic Themes (2009) 47 (2) 10, 153-167


Marija Pavlović

Abstract: All market economies are exposed to economic cycles that are mutually rotating more or less, so that one of the most important and always the current problem are economic fluctuations economy. Namely, economic cycles are subject to analysis of modern macroeconomic theory, because the actual economic trends point to the cyclical fluctuations of the economy with certain economic consequences. Also, the appearance of cyclical fluctuations in the economy are considered to be a key impediment to achieving the objectives of macroeconomic policy to ensure macroeconomic stability, and dynamic stability of the general price level, full employment, the balance in the balance of payments, balance the state budget as a positive consequence of the previously achieved goals growth standards of citizens.

Keywords:  business cycles; unemployment; inflation

PDF file