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    Principles of Macroeconomics Study Set 6
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    Exam 14: Aggregate Demand and Aggregate Supply
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    Which Term Refers to a Short Period of Falling Incomes
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Which Term Refers to a Short Period of Falling Incomes

Question 243

Question 243

Multiple Choice

Which term 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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