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What is the relationship between the MPC and the slope of the AE curve?
Business Cycle
The natural rise and fall of economic growth that occurs over time, consisting of periods of expansion, peak, contraction, and trough.
Cyclical Industry
An industry whose performance is heavily dependent on the overall economic cycle, experiencing higher demand during economic upturns and lower demand during downturns.
Automobile Industry
A global sector that encompasses the design, manufacturing, marketing, and selling of motor vehicles, one of the world's most important economic sectors.
Trough
The transition point between recession and recovery.
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