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What conditions account for the boom-and-bust cycles experienced by Washington's economy in the latter half of the 20th century? Provide specific examples to explain.

Sagot :

Martebi

The conditions that  causes boom and bust cycles experienced by Washington's economy  are:

  • The need to make a more diversified economy.
  • Agriculture for economic growth.
  • The foundation of emerging technology sectors.

What is the boom and bust cycle?

The conditions that causes boom and bust cycles are:

  • The law of supply and demand.
  • The presence or availability of financial capital.
  • Future expectations.

Note that the economic history of Washington is seen against a foundation of pristine beauty, strong determination and innovation.

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