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Economists Clément Juglar and later Joseph Schumpeter suggested four stages for an economic cycle: Expansion, Crisis, Recession, and what fourth stage?

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Fact: Bolivia probably has the highest rate of political turnover with almost 200 governments since 1825. 


1. Economists Clément Juglar and later Joseph Schumpeter suggested four stages for an economic cycle: Expansion, Crisis, Recession, and what fourth stage?





 
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