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Author Question: The phase in the business cycle in which real GDP declines is called a: a. trendline. b. peak. c. ... (Read 72 times)

jasdeep_brar

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on: Jun 30, 2018
The phase in the business cycle in which real GDP declines is called a:
 a. trendline.
  b. peak.
  c. recession.
  d. recovery.
  e. trough.

Question 2

The concurrent problems of inflation and unemployment are termed:
 a. depression.
  b. downturn.
  c. deflation.
  d. demand-pull inflation.
  e. stagflation.


laurnthompson

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Reply #1 on: Jun 30, 2018
Answer to Question 1

c

Answer to Question 2

e


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