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10 cards from this deck
Alternating phases of economic expansion and contraction
At least two consecutive quarters of negative growth
Highest point of economic growth
Lowest point of economic contraction
Economy's weakest performance; severe deepening of recession
Statistical measures tracking economic trends (e.g., GDP)
Model showing relationship between unemployment and inflation
Contraction (decline) and expansion (growth)
Trough (lowest point) and peak (highest point)
Recovery, prosperity, recession, depression
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