CIMA BA-1 Lecture Notes

Hi,

While I was going through the CIMA BA-1 lecture notes, I found that a printing error had occurred on pg 12, Chapter 1, Unit 8.Trade Cycle, under 8.1 The components, in the 2nd last paragraph where there’s an incomplete sentence.

“During recessions, economies shrink. Businesses are likely to fail and unemployment will increase. Inflation might fall – though there is a phenomenon known as ‘stagflation’ which is characterized by high inflation together with high unemployment and stagnant demand in a country’s economy. Imports are likely to fall and public”

“In boom periods economies are likely to ‘overheat’ with asset prices (shares, property etc)becoming overvalued, only to cause large losses when a recession sets in.”

Please let me know when you have rectified this error.

Thanks

Karen