Understanding Economic Booms and Busts: The Role of Real GDP Fluctuations Economic booms and busts are a recurring phenomenon in any economy. They are characterized by periods of rapid economic expansion, known as booms, followed by periods of contraction, known as busts. The fluctuations in real Gross Domestic Product (GDP) play a significant role in… Continue reading Understanding Economic Booms and Busts: The Role of Real GDP Fluctuations