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1. Describe the phases and key characteristics of business cycles. Then explain where you think we are in the business cycle right now and why.

1. Describe the phases and key characteristics of business cycles. Then explain where you think we are in the business cycle right now and why.

2. Explain how we measure economic growth and discuss three specific things that government could do to improve economic growth in the long run

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Sure lets tackle your questions one by one 1 Phases and Characteristics of Business Cycles a Expansion During this phase the economy is growing characterized by increasing employment rising wages high... blur-text-image

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