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  3. Study Set
    Macroeconomics Australia Study Set 1
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    Exam 5: GDP: a Measure of Total Production and Income
  5. Question
    A Business Cycle Has Two Turning Points, Which Are the
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A Business Cycle Has Two Turning Points, Which Are the

Question 50

Question 50

Multiple Choice

A business cycle has two turning points, which are the


A) trough and peak.
B) recession and trough.
C) expansion and recession.
D) peak and expansion.
E) peak and recession.

Correct Answer:

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