“In the classic old business cycle, there would be a diminution in sales; it would take a little while for this information to reach corporate headquarters. And there would be an inventory pileup. And then - bam - businesses would react, sometimes violently, by cutting production.”
Quote by Alan Blinder
Author
Alan Blinder
Alan Blinder is a renowned economist, born on October 14, 1945. He has made extensive research and contributions in the field of economics, particularly in the areas of monetary policy and macroeconomic analysis. more
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