1 In correct sequence, the four stages of the business cycle are a. peak, boom, expansion,...
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1 In correct sequence, the four stages of the business cycle are ■
a. peak, boom, expansion, and contraction.
■
b. peak, contraction, trough, and expansion.
■
c. recession, expansion, peak, and boom.
■
d. contraction, trough, boom, and expansion.
■
e. recession, contraction, peak, and boom.
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