Draw a simple diagram of the business cycle. Identify and explain the four different regions of the Show more Draw a simple diagram of the business cycle. Identify and explain the four different regions of the curve (peak trough expansion contraction) the trend line and what it shows and be sure to label the different regions on the graph including the axes. Explain which of the regions is more likely to be accompanied by high inflation. Why? Explain which of the regions is more likely to be accompanied by high unemployment. Why? Define recessions and depressions and explain which region would contain recessions and depressions. Why? Show less
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