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10 cards from this deck
Data collected at regular intervals (weekly, monthly, quarterly)
Consumer Price Index - tracks changes in cost of living
Total value of goods and services produced
Inflation effects removed from data
Prosperity, recession, depression, recovery
Economy grown for 6 consecutive months
Economic growth declines for 2 consecutive quarters
Highest point of economic activity (upper turning point)
Lowest point of economic activity (lower turning point)
Extended recession with large-scale unemployment
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