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The phases of a business cycle are
A) upswing and downswing.
B) full employment and unemployment.
C) peak, recession, trough, and expansion.
D) full employment, depression, expansion, and plateau.
A) upswing and downswing.
B) full employment and unemployment.
C) peak, recession, trough, and expansion.
D) full employment, depression, expansion, and plateau.
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This can be expressed as
GDP = C + I+ G...
Economics for Today 9th Edition by Irvin Tucker
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