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    Economics Today Study Set 1
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    Exam 7: The Macroeconomy: Unemployment, Inflation, and Deflation
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    A Period in Which the Level of Business Is Consistently
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A Period in Which the Level of Business Is Consistently

Question 23

Question 23

Multiple Choice

A period in which the level of business is consistently less than its long-term trend is known as


A) depression.
B) recession.
C) business cycle.
D) growth trend.

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