03.17.09 Economic Influences with diagram

03.17.09 Economic Influences with diagram - consumers...

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ECONOMIC INFLUENCES Characteristics of Peak/Boom Periods Characteristics of Troughs / Recessions GDP at high levels Higher levels of employment Inflation may increase Wages increase The level of spending by
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Unformatted text preview: consumers increases GDP at lowest levels Unemployment levels rise Inflation may remain stable or fall Wages are less likely to rise The level of spending usually decreases...
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