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    Exam 2: Economics: The Framework for Business
  5. Question
    The Two Key Phases of a Business Cycle Are
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The Two Key Phases of a Business Cycle Are

Question 51

Question 51

Multiple Choice

The two key phases of a business cycle are:


A) stagflation and hyperinflation.
B) depression and contraction.
C) contraction and expansion.
D) recession and deflation.

Correct Answer:

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