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    Macroeconomics Study Set 10
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    Exam 8: Business Cycles
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    When Aggregate Economic Activity Is Declining,the Economy Is Said to Be
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When Aggregate Economic Activity Is Declining,the Economy Is Said to Be

Question 100

Question 100

Multiple Choice

When aggregate economic activity is declining,the economy is said to be in


A) a contraction.
B) an expansion.
C) a trough.
D) a turning point.

Correct Answer:

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