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Find the Word or Phrase That Best Completes Each Statement

Question 56

Short Answer

Find the word or phrase that best completes each statement or answers the question.
(a) Replacement investment emerges during the stage of the business cycle.
(b) The accelerator leads to an increase in investment during the _ _ stage of the business cycle.
(c) Firms find their stocks are rising during the stage of the business cycle.

(i) boom
(ii) recession
(iii) upturn

Correct Answer:

verifed

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(a) iii
(...

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