Explain What Happens to Inflation During the Business Cycle

question 137

Essay

Explain what happens to inflation during the business cycle.Give an intuitive explanation as to why inflation changes the way it does over the business cycle.

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Definitions:

Senate Hearings

Proceedings conducted by the United States Senate or its committees to gather information, investigate issues, or vet nominees for public office.

Puppet Governments

Governments that are ostensibly in control of a country but in reality are under the influence or control of an external power, often used to execute the controlling power's interests.

Four Freedoms

A concept developed by President Franklin D. Roosevelt in 1941, representing the rights he believed everyone in the world should possess: freedom of speech, freedom of worship, freedom from want, and freedom from fear.