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the business cycle

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@@ -9,3 +9,14 @@ was sold for in the year it was produced (watch out for inflation)

- Standard of Living is the level of material wealth as measured by the
consumption of goods and services

## The Business Cycle

Business Cycles are alternating periods of rising and falling real GDP

1. Expansion
2. Peak
3. Contraction
4. Expansion
5. Tough
6. Recession

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