Advanced Placement (AP), 01.03.2021 16:40 cherry12345627
The economy of Grindewalt is currently experiencing GDP growth of over 13% with inflation rates of 9% and unemployment of 0.5%. Rikart finds that everything she wants to buy costs more money but her wages haven’t increased. She is worried about being able to afford everything she needs. What stage of the business cycle is the economy currently in based on this scenario?
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