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    Principles of Economics Study Set 13
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    Exam 9: Introduction to Macroeconomics
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    Explain Why the Ups and Downs of the Business Cycle
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Explain Why the Ups and Downs of the Business Cycle

Question 41

Question 41

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Explain why the ups and downs of the business cycle are not 'smooth and regular', but are irregular in the real world.

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The lengths of the phases of the busines...

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