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  3. Study Set
    Introduction to Business
  4. Exam
    Exam 6: Accounting and Financial Statements
  5. Question
    During Which Phase of the Business Cycle Does the Pace
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During Which Phase of the Business Cycle Does the Pace

Question 4

Question 4

Multiple Choice

During which phase of the business cycle does the pace of economic activity slow down and GDP falls?


A) expansion
B) peak
C) contraction
D) trough
E) acceptance

Correct Answer:

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