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Author Question: If the rate of change in output is negative (Read 60 times)

james9437

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on: May 25, 2020
If the rate of change in output is negative
◦ then the economy is in the expansionary phase of the business cycle regardless of the overall level of output.
◦ but the level of output is high, then the economy is still in the expansionary phase of the business cycle.
◦ but the level of output is low, then the economy is entering the expansionary phase of the business cycle.
◦ then the economy is in the contractionary phase of the business cycle regardless of the overall level of output.
Essential Economics for Business ¦ Sloman, Jones ¦ 5th Edition
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Marked as best answer by james9437 on May 25, 2020

dyrone

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Reply #1 on: May 25, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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james9437

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Reply 2 on: May 25, 2020
Thanks for the timely response, appreciate it

Liamb2179

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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