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    Principles of Macroeconomics Study Set 3
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    Exam 14: Aggregate Demand and Aggregate Supply
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    Which of the Following Terms Refers to a Short Period
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Which of the Following Terms Refers to a Short Period

Question 140

Question 140

Multiple Choice

Which of the following terms refers to a short period of falling incomes and rising unemployment?


A) depression
B) recession
C) expansion
D) business cycle

Correct Answer:

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