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Hello!My name is Eric,and today I am going to be teaching you about the business cycle!
This is prosperity.This is when the economy is doing great and pretty much everyone who is wanting to work is working
This is recession.This is when the unemployment rate is going because people are not in demand of goods as much.
This is depression.Depression is when the unemployment rate is at a high and there are weak consumer sales.
This is recovery.Recovery is when the unemployment rate is going down and people are buying goods again.
And that is the business cycle!
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