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  3. Study Set
    Macroeconomics Study Set 68
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    Exam 9: Business Cycles, Unemployment, and Inflation
  5. Question
    The Duration of a Recession Measures the Depth of Decline
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The Duration of a Recession Measures the Depth of Decline

Question 49

Question 49

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The duration of a recession measures the depth of decline in real output during the recession.

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