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Explain the three-sector model (goods market, bond market and money market) in relation to phase three of the business cycle. Explain how the following change:

Explain the three-sector model (goods market, bond market and money market) in relation to phase three of the business cycle.

Explain how the following change:

- consumption

- income

- interest rates

- bond supply and demand

- money supply and demand

- stock prices

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