Inflation & Business Cycle

What is happening to GDP during the expansionary phase?

What is happening to Inflation during the peak phase?

What is happening to Unemployment during the contractionary phase?

What is happening to GDP during the trough phase?

What is happening to Unemployment during the peak phase?

What is the correct order for the business cycle?

Which cause of inflation suggests that there is too much money in circulation in the money supply?

Which cause of inflation suggests that the increasing costs of inputs forces businesses to increase their prices?

Which cause of inflation suggests that people wanting more goods and services than are available will increase prices?

Which group of people will benefit from unanticipated inflation?