Effect of the business cycle on the inflation rate

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Briefly describe the effect of the business cycle on the inflation rate and the unemployment rate. Why might the unemployment rate continue to rise during the early stages of an expansion?

Reference no: EM131023223

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Effect of the business cycle on the inflation rate : Briefly describe the effect of the business cycle on the inflation rate and the unemployment rate. Why might the unemployment rate continue to rise during the early stages of an expansion?

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