1. How can the concept be represented in this graph according to the phases of the economic cycle? Explain. -Without necessarily having the numerical data, what level (high or low) of unemployment could have been registered in some of the periods presented in the graph? Explain your answer indicating why. -Without necessarily having the numerical data, what level (high or low) of inflation could have been recorded in some of the periods presented in the graph? Explain your answer indicating why. 2. How do you correlate your answers in the previous questions with the phases of economic cycles and their effects in the short and long term? explain your answer