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6 Cards in this Set
- Front
- Back
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What do business cycles measure
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Changes in the economy over time
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What is the peak of a business cycle
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High output
High employment |
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What is declining employment and declining output in a business cycle called
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Recession
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What is low output and low employment called In a business cycle
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Trough
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What is rising output and employment called In a business cycle
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Expansion
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What government agency dates recessions
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NBER
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