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Abstract
In this paper, we show the existence of relaxation oscillations in the economy. For description of macroeconomic situation, we use the fundamental equilibrium model called IS-LM model.
Disclosure statement
No potential conflict of interest was reported by the author.
Additional information
Funding
The research was supported by the Student Grant Competition of Silesian University in Opava [grant number SGS/19/2010], [grant number SGS/2/2013].