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    Exam 4: Economics: the Framework for Business
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    Which Term Describes a Period in Which GDP Declines for at Least
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Which Term Describes a Period in Which GDP Declines for at Least

Question 2

Question 2

Multiple Choice

Which term describes a period in which GDP declines for at least two consecutive quarters?


A) expansion
B) recession
C) depression
D) trough

Correct Answer:

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