Define phase of the business cycle

Reference no: EM132135645

Question: Explain how it is possible for an economy in the recovery phase of the business cycyle to have a lower GDP and higher unemployment rate than when it was in the recession phase of the business cycle. The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

Reference no: EM132135645

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