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22 March, 19:35

Define the term business cycle.

A. a period of macroeconomic contraction followed by a period of macroeconomic recession

B. a period of macroeconomic expansion followed by a period of macroeconomic contraction

C. a period of macroeconomic stagflation followed by a period of macroeconomic contraction

D. a period of macroeconomic recession followed by a period of macroeconomic depression

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Answers (1)
  1. 22 March, 23:10
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    The correct answer is B
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