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26 Sep 2018
A business cycle is the period of time in which:
1. the price level varies with real GDP.
2. a business is established and ceases operations.
3. there are four phases: peak, recession, trough, and recovery.
4. expansion and contraction of economic activity are equal.
5. none of these are true.
A business cycle is the period of time in which:
1. the price level varies with real GDP.
2. a business is established and ceases operations.
3. there are four phases: peak, recession, trough, and recovery.
4. expansion and contraction of economic activity are equal.
5. none of these are true.
8
answers
0
watching
154
views
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