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  3. Study Set
    Economics Today Study Set 1
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    Exam 7: The Macroeconomy: Unemployment, Inflation, and Deflation
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    A Period of Time in Which the Overall Pace of Business
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A Period of Time in Which the Overall Pace of Business

Question 215

Question 215

Multiple Choice

A period of time in which the overall pace of business activity is rising is known as


A) inflation.
B) deflation.
C) an expansion.
D) a contraction.

Correct Answer:

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