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https://quizlet.com/110911533/business-cycle-and-great-depression-flash-cards/

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-  Really high unemployment, businesses were failing. People were  afraid of spending their money because they thought they would lose their jobs. GDP falls really fast Companies are not producing because no one was buying.

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- Cut back on prices in the economy

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Latest news, business, sport, comment, lifestyle and culture from the Daily Telegraph and Sunday Telegraph newspapers and video from Telegraph TV.

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- Increase of prices , making people purchase less

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-  Economy regains
-  Unemployment decreases
- GDP
- Demand for goods and services increase
-  recession is over
- Unemployment rates are lower

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-  Higher unemployment
- Demand starts to decrease
- Lower production
- GDP growth slows down

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                                        Prosperity 

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                                        Prosperity 

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-  Business produce goods and services
-  Good  wages
- GDP Increase
- Doesn't last for ever

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This is when the economy is growing, economic expansion. GDP,  Gross domestic product this measures economic output, is increasing.  Series of cycles , prosperity, Recession,  Depression ,  and Recovery