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  3. Study Set
    Principles of Economics Study Set 11
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    Exam 19: Introduction to Macroeconomics and Gross Domestic Product
  5. Question
    Draw a Graph to Illustrate the Phases of the Business
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Draw a Graph to Illustrate the Phases of the Business

Question 67

Question 67

Essay

Draw a graph to illustrate the phases of the business cycle.Be sure to identify the length of a contraction and an expansion.Identify a peak and a trough.

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The accompanying figure shows a typical ...

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