The Business Cycle
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Last updated 1:34 PM on 3/30/25
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4 Terms
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Recovery
Increasing consumer confidence
Businesses increase capacity creating jobs
2
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Boom
High employment and production
Materials and skilled workers become scarce
Inflation
3
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Recession
Increase in interest
Low profit for businesses
Workers laid off
4
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Slump
Production low, unemployment high
Low demand
Interest lowered
Flashcards (22)