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    Exam 5: Foundations of the Macroeconomy
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    The Phase of the Business Cycle During Which Economic Activity
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The Phase of the Business Cycle During Which Economic Activity

Question 104

Question 104

Multiple Choice

The phase of the business cycle during which economic activity hits its minimum level is the:


A) trough.
B) recession.
C) depression.
D) none of the above.

Correct Answer:

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