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    Intermediate Macroeconomics
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    Exam 1: Thinking About Macroeconomics
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    When Real GDP Falls Toward a Low Point or Trough
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When Real GDP Falls Toward a Low Point or Trough

Question 35

Question 35

Multiple Choice

When real GDP falls toward a low point or trough it is called a[n]:


A) boom.
B) recession.
C) inflation.
D) expansion.

Correct Answer:

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