UNEMPLOYMENT, INFLATION AND BUSINESS CYCLES

For your initial post, answer the following question:

Read about the business cycle. What are the different phases of business cycle? Explain any one phase and discuss what happen to GDP, unemployment and Inflation rate during that phase.

Give a brief explanation of at least one of the concepts listed below, including an example to support your post.

• Unemployment and Full employment
• Inflation
• Aggregate demand
• Aggregate supply
• Macroeconomic equilibrium

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