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    Exam 5: Foundations of the Macroeconomy
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    The Four Phases of a Business Cycle, in Correct Order
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The Four Phases of a Business Cycle, in Correct Order

Question 171

Question 171

Multiple Choice

The four phases of a business cycle, in correct order, are:


A) recovery, peak, trough, recession.
B) recession, peak, recovery trough.
C) recovery, peak, recession, trough.
D) peak, recovery, trough, expansion.

Correct Answer:

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