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Business Cycle
The fluctuation in economic activity that an economy experiences over a period, characterized by periods of expansion and contraction.
Troughs
The low points in the economic cycle, characterized by reduced economic activity and lower levels of production and employment.
Unanticipated Inflation
A rate of inflation that is either higher or lower than expected.
Creditors and Debtors
Creditors are entities or individuals to whom money is owed, while debtors are those who owe money to another party.
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