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Chapter 10 - Economic Fluctuations, Unemployment, and Inflation

1

The low point of a business cycle is called the and the high point is called the .
2

The three phases of the business cycle are , , and .
3

For most of the late 2005 our unemployed rate has hovered around percent.
4

For most years since the early 1990s our rate of inflation has been below percent.
5

In 2005 the misery index was about .







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