The following statements about the business cycle are correct except ______. A. It is a regular predictable
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The following statements about the business cycle are correct except ______.
A. It is a regular predictable cycle in real GDP around potential GDP
B. From the peak to the trough, the economy is in a recession
C. From the trough to the peak, the economy is in an expansion
D. It is a periodic movement in economic activity including employment
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