The two most important aspects of business cycles are changes in

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The two most important aspects of business cycles are unemployment and inflation. Business cycles refer to the fluctuations in economic activity over time, and these fluctuations are characterized by changes in unemployment and inflation rates. During a recession, unemployment tends to rise while inflation falls. Conversely, during an expansion, unemployment tends to fall while inflation rises. Therefore, understanding and monitoring changes in these two variables is crucial in understanding and predicting business cycles.

The Two Most Important Aspects of Business Cycles Are Changes