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The positron
Business Cycle Dating Committee
A group of economists that determines the dates of the beginning and end of recessions, marking the business cycle's phases.
Peaks And Troughs
Describes the high and low points in economic, financial, or business cycles, indicating periods of maximum and minimum activity or value.
Real GDP
Gross Domestic Product adjusted for inflation, which reflects the value of all goods and services produced by an economy in a year, measured in constant prices.
Unemployed
Individuals who are capable of working and seeking work but are without jobs during the period of assessment.
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