ILO:
Candidates should be able to explain the characteristics of the economic cycle: boom, recession, slump and recovery.
Economic Cycle
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How would each stage of the economic cycle influence the Government's Macro Economic Objectives?
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Stretch & Challenge:
How much does the graph of UK GDP reflect the economic cycle? What factors explain the growth in UK GDP? How would we describe what is happening to the UK Economy at the moment? What policies would you put in place to help the UK? 
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