Question Completion Status: QUESTION 4 The contractionary phase of the business cycle is characterized by O reduced output and increased unemployment reduced output and reduced unemployment O increased output and increased unemployment O increased output and reduced unemployment QUESTION 5 The CPI is a measure of O the overall cost of goods and services produced in the economy O the overall cost of inputs purchased by a typical producer O the overall cost of buying a market basket of goods and services by a typical consumer Othe overall cost of stocks on the New York Stock Exchange Click Save and Submit to save and submit. Click Save All Answers to save all answers MacBoa