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13 cards from this deck
Natural rise and fall pattern in economy over time
Boom, recession, slump, recovery
Period of high economic growth with rising living standards
High - companies need more workers to meet demand
Bust
Period of falling economic growth where activity contracts
Extended recession with very low or negative growth
High - many people unable to find work
When economy starts growing again after recession or slump
Falling unemployment, increased spending, stable inflation
Nickname for Ireland's boom (mid-1990s to late 2000s)
Around 4%
Rose from 5% to 15%
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