The following is a correct order in a business cycle: recession, trough, peak, expansion.
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Q65: If output is falling and unemployment is
Q66: Unemployment generally rises during _ and falls
Q67: The employment rate is the number of
Q68: A recession is usually associated with increasing
Q69: The period in the business cycle from
Q71: Macroeconomic behavior is the sum of all
Q72: Microeconomics is concerned with
A) price level stability.
B)
Q73: The period in the business cycle from
Q74: Macroeconomics is concerned with inflation or deflation,
Q75: The behavior of all households and firms
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