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What would happen to the equilibrium price and quantity of peanut butter if the price of peanuts fell,the price of jelly (a complementary good) fell,more firms decided to produce peanut butter,and health officials announced that eating peanut butter was bad for you
Cyclical Unemployment
This refers to unemployment that occurs due to fluctuations in the economy, often increasing during a recession and decreasing during an economic expansion.
Unemployment Rate
The fraction of the working population that is not employed and is on the lookout for work.
Recovery
The phase of the business cycle in which economic activity picks up and the economy begins to grow after a recession.
Business Cycle
The fluctuations in economic activity that an economy experiences over a period of time, including periods of expansion and contraction.
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