A(n) ________ occurs when demand for the total goods and services available is less than the supply.

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A(n) ________ occurs when demand for the total goods and services available is less than the supply.

a. inflation

b. recession

c. depression

d. business cycle

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Business Principles And Management

ISBN: 9781111571726

12th Edition

Authors: James L. Burrow, Kenneth E. Everard, Brad Kleindl

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