A period of sustained growth in output in an economy is referred to as a(n) _____.
A) expansion
B) contraction
C) peak
D) trough
E) recession
Correct Answer:
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Q30: A recession is best defined as a
Q31: Which of the following factors can partly
Q32: Which of these partly accounts for the
Q33: A key difference between recessions and depressions
Q34: A depression can be defined as:
A)a mild
Q36: Which of these is true of the
Q37: Which of the following would indicate the
Q38: Economic fluctuations or business cycles:
A)measure changes in
Q39: Which of the following is true of
Q40: Economic fluctuations:
A)are linked,but not perfectly synchronized,across countries.
B)are
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