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  • The Business Cycle  Alexa Allen
  • Prosperity:  circumstances, characterized by financial success or good fortune.
  • Recesion: generally does not last longer than one year, marked by high unemployment, stagnant wages, and fall in retail sales
  • Depression:  a long-term downturn in economic activity. It is a more severe economic downturn than a recession, which is a slowdown in economic activity
  • Recovery:  an economy regains and exceeds peak employment and output levels achieved prior to downturn.
  • The end 
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