Exhibit 12-1 Business cycle

-In Exhibit 12-1,the recession phase of the business cycle can be represented by point(s):

Name: Exhibit 12-1 Business cycle -In Exhibit 12-1,the recession phase of the business cycle can be represented by point(s):
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Question

Exhibit 12-1 Business cycle
 
-In Exhibit 12-1,the recession phase of the business cycle can be represented by point(s):

Quizplus · Accepted Answer

The recession phase of the business cycle is characterized by a decline in economic activity, as measured by GDP. In Exhibit 12-1, this decline is represented by the downward slope of the line from point C to point E.

Exhibit 12-1 Business Cycle