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Unit 2: Economic indicators and the business cycle
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About this unit
In this unit, you'll learn to identify and examine key measures of economic performance: gross domestic product, unemployment, and inflation. The concept of the business cycle also gives you an overview of economic fluctuations in the short run.
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- The circular flow model and GDPGet 3 of 4 questions to level up!
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- Limitations of GDPGet 3 of 4 questions to level up!
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- UnemploymentGet 3 of 4 questions to level up!
- Types of unemployment and the natural rate of unemploymentGet 3 of 4 questions to level up!
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- The costs of inflationGet 3 of 4 questions to level up!
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- Business cyclesGet 3 of 4 questions to level up!
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