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Java Games: Flashcards, matching, concentration, and word search. |
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Phases of the Business Cycle
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| A | B |
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| Peak | When GDP stops rising, inflation is at its highest, unemployment is at its lowest. |
| Contraction | a period of economic decline, real GDP falls, inflation decreases, and unemployment increases. |
| Trough | when GDP stops falling, inflation is at its lowest and unemployment is at its highest. |
| Expansion | a period of economic growth, real GDP rises, inflation increases, and unemployment decreases. |
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