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What is the term used to describe the phenomenon when the economy experiences a period of falling output and rising unemployment?
What is the average annual growth rate of the real GDP in the United States?
When did a recent recession begin?
What term is used to describe when the economy's production of goods and services does not grow smoothly?
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What happened to the unemployment rate during the recent recession?
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What term do economists use to refer to short-run fluctuations in output and employment?
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When did the recession officially end?
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What was the unemployment rate by the end of the 1982 recession?
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In what year did the United States experience a recession just two years after the previous downturn?
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What is the primary focus of Part Four of the book referred to in the text?
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