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Business Cycle
The progression of economic activity through expansion, peak, contraction, and trough phases.
Business Cycle
The natural fluctuation of the economy between periods of expansion (growth) and contraction (recession).
Market Basket
A collection of goods and services used to track inflation, consumer spending, or the cost of living in a specific area.
CPI
Consumer Price Index, a measure that examines the weighted average of prices of a basket of consumer goods and services, used to estimate inflation.
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