The economy alternates between relatively long periods of recession and shorter periods of inflation.

Name: The economy alternates between relatively long periods of recession and shorter periods of inflation.
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The economy alternates between periods of expansion (growth) and recession (contraction), not between recession and inflation. Inflation can occur during both economic expansions and recessions, although the dynamics and causes may differ.

The Economy Alternates Between Relatively Long Periods of Recession and Shorter