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Differentiate .
Expansion Phase
A period in the business cycle during which the economy grows and unemployment decreases.
World War II
A global conflict that lasted from 1939 to 1945, involving most of the world's nations, including all of the great powers, organized into two opposing military alliances: the Allies and the Axis.
Recessions
Instances of provisional economic weakness where both trading and industrial activities fall off, universally determined by a two-quarter continuous drop in GDP.
General Merchandise
A category of goods that includes a wide range of products from apparel to home goods sold by retailers.
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