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Draw a representation of the business cycle. a. Identify the various phases of the business cycle (both long run and short run) on your drawing. b. Explain what happens to real GDP,
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In the business cycle phase marked B, economists expect O full employment. O inflation to be high. O economic growth to slow down. O consumer sales to decrease rapidly. | Homework.Study.com
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Output gap - Wikipedia
Lesson summary: Business cycles (article) | Khan Academy
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