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    Essential Foundations of Economics Study Set 1
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    Exam 14: Gdp: a Measure of Total Production and Income
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    The USEconomy Is Experiencing Rising Output,rising Employment,rising Incomes and Falling Unemployment
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The USEconomy Is Experiencing Rising Output,rising Employment,rising Incomes and Falling Unemployment

Question 120

Question 120

Multiple Choice

The U.S.economy is experiencing rising output,rising employment,rising incomes and falling unemployment.These conditions best describe a business cycle


A) expansion.
B) peak.
C) trend.
D) recession.
E) trough.

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