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  3. Study Set
    BUSN Study Set 3
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    Exam 2: Economics: The Framework of Business
  5. Question
    In the Context of Economic Systems, the Two Key Phases
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In the Context of Economic Systems, the Two Key Phases

Question 3

Question 3

Multiple Choice

In the context of economic systems, the two key phases of a business cycle are:


A) stagflation and hyperinflation.
B) depression and retrieval.
C) contraction and expansion.
D) recession and deflation.

Correct Answer:

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