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    Macroeconomics Study Set 48
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    Exam 6: Macroeconomics: the Big Picture
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    Business Cycles Are Defined by the Expansion, Contraction, Then Expansion
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Business Cycles Are Defined by the Expansion, Contraction, Then Expansion

Question 61

Question 61

True/False

Business cycles are defined by the expansion, contraction, then expansion again of nominal GDP.

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