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    Principles of Economics Study Set 3
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    Exam 33: Aggregate Demand and Aggregate Supply
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    A Relaively Mild Period of Falling Incomes and Rising Unemployment
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A Relaively Mild Period of Falling Incomes and Rising Unemployment

Question 271

Question 271

Multiple Choice

A relaively mild period of falling incomes and rising unemployment is called a


A) depression.
B) recession.
C) expansion.
D) business cycle.

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