Reference: Use the graph to answer questions 
-A business cycle contraction occurs
A) between years 1 and 2.
B) between years 1 and 3.
C) between years 2 and 3.
D) between years 2 and 4.
Correct Answer:
Verified
Q26: A measurement of average standard of living
Q27: Provide a circular flow diagram for households
Q28: A business cycle is
A)Recurring fluctuations in the
Q29: The contraction phase of a business cycle
Q30: Periods of decreasing economic activity, falling production,
Q32: The aggregate demand curve is the relationship
Q33: Business cycles are officially tracked by
A)The National
Q34: Reference: Use the graph to answer questions
Q35: Periods of increasing economic activity, rising production,
Q36: Aggregate demand is the demand
A)by private consumers
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