What are the four phases of the business cycle

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Reference no: EM132863549

Question 1: What is the difference between NGDP and RGDP?

Question 2: What is the difference between the CPI and GDP price index?

Question 3: What are the four phases of the business cycle? Make sure you are able to explain what happens in each phase.

Question 4: Define and give examples of the types of unemployment?

Question 5: What is the economic cost of unemployment and how is it measured? What is Okun's Law?

Reference no: EM132863549

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