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Which of the Following Observations Concerning Phases of a Business

Question 110

Multiple Choice

Which of the following observations concerning phases of a business cycle is incorrect?


A) ​The maximum amount of unemployment occurs exactly at the trough.
B) ​The expansion phase is measured from the trough to the peak.
C) ​The trough is the point in time when output stops declining.
D) ​The contraction phase is also called recession.

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