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    Exam 26: An Introduction to Macroeconomics
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    The Period When Output and Living Standards Decline Is Referred
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The Period When Output and Living Standards Decline Is Referred

Question 36

Question 36

Multiple Choice

The period when output and living standards decline is referred to as


A) inflation.
B) economic decline.
C) an inventory downturn.
D) a recession.

Correct Answer:

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