The Business Cycle

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4 Terms

1
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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

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