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Explain relationship between production, income, and expenditure in a mechanism of business cycle. What are “virtuous”...

Explain relationship between production, income, and expenditure in a mechanism of business cycle. What are “virtuous” and “vicious” business cycles? Discuss the current situation of Japan’s economy in terms of such business cycles, compare with the past pattern, and/or show your own projection or desirable path of Japanese economy.


*This is an essay question, so please write this in detail and at length please.
*I'm looking for other opinions so DO NOT answer this question if you already did.

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