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    Business Essentials Study Set 6
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    Exam 2: The Environment of Business
  5. Question
    When the Trough of the Business Cycle Extends Two or More
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When the Trough of the Business Cycle Extends Two or More

Question 208

Question 208

Multiple Choice

When the trough of the business cycle extends two or more years what term is used to describe it?


A) Depression
B) Contraction
C) Stagflation
D) Prolonged slump
E) Recession

Correct Answer:

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