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Economic Cycle
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Summary
The economic cycle is like a roller coaster that goes up and down, showing how the economy gets better and worse over time. Sometimes people have lots of money to spend, and other times they don't have as much, and this affects jobs and prices.
Concepts
Expansion
Recession
Peak
Trough
Economic Growth
Inflation
Unemployment
Relevant Degrees
Economic Theory and Concepts 50%
Economic Situation and Trade Cycles 30%
Price Formation and Costs 20%
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