What is the relationship between GDP and the business cycle? How can you use information about the business cycle when making a decision about a large purchase? What is inflation?

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What is the relationship between GDP and the business cycle? How can you use information about the business cycle when making a decision about a large purchase? What is inflation? How do interest rates affect inflation? What are the different types of unemployment? Which of these has the most impact on the economy? Explain.

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