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    Modern Principles Macroeconomics
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    Exam 13: Business Fluctuations
  5. Question
    A Significant,widespread Decline in Real Income and Employment Is Called
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A Significant,widespread Decline in Real Income and Employment Is Called

Question 202

Question 202

Multiple Choice

A significant,widespread decline in real income and employment is called:


A) a recession.
B) a boom.
C) an aggregate demand fluctuation.
D) a business fluctuation.

Correct Answer:

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