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  3. . draw a typical business cycle and identify the f

. Draw a typical business cycle and identify the four phases of the cycle on your...

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Economics

. Draw a typical business cycle andidentify the four phases of the cycle on your graph. List fourmacroeconomic variables that are pro-cyclical, and indicate whethereach one is a leading, lagging, or coincident indicator.

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In business cycle there are basically phasesTrough Period where economy is at its lowest and unemploymentis at its highestDuring expansion phase GDP is rising which takes    See Answer
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