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4.2.3.1 Economic growth and the economic cycle
Cause of changes in the economic cycle
Herding
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How does Herding cause changes in the economic cycle?:
Herding is where people
copy
other peoples
behaviour
for example herd behaviour of investors in
volatile
financial
markets
How does Herding cause changes in the economic cycle?:
Herding is where people
copy
other peoples
behaviour
for example herd behaviour of investors in
volatile
financial
markets