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    Exam 6: An Introduction to Macroeconomics
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    The Period When Output and Living Standards Decline Is Referred
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The Period When Output and Living Standards Decline Is Referred

Question 3

Question 3

Multiple Choice

The period when output and living standards decline is referred to as:


A) Inflation
B) Economic decline
C) An inventory downturn
D) A recession

Correct Answer:

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