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Q: What triggered the periods of growth and decline of the US federal debt?
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What do alternating periods of economic growth and decline make up?

business cycle


What is alternating periods of growth and decline?

It's the concept of alternating periods of economic expansion (growth) and contraction (decline) in an economy. These cycles are often referred to as the business cycle and can impact various economic indicators such as employment, inflation, and GDP. Understanding these cycles is crucial for policymakers and businesses to make informed decisions.


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