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Economy, Macro & Market Cycles

2 terms

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Economy, Macro & Market Cycles

Exchange Rate

The price of one currency expressed in terms of another.

USD/INR = number of rupees required to buy one US dollar ₹ Economy, Macro & Market Cycles

Expansion

The phase of the business cycle in which output, employment and incomes are rising.

Test: real GDP, employment and industrial production are rising on a sustained basis from a prior trough qualitative