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    Essential Foundations of Economics Study Set 1
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    Exam 14: Gdp: a Measure of Total Production and Income
  5. Question
    In the Business Cycle,what Immediately Precedes the Time When Real
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In the Business Cycle,what Immediately Precedes the Time When Real

Question 65

Question 65

Multiple Choice

In the business cycle,what immediately precedes the time when real GDP is falling?


A) recession
B) peak
C) depression
D) trough
E) expansion

Correct Answer:

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