A business cycle reflects changes in economic activity, particularly real GDP. The stages of a business cycle

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A business cycle reflects changes in economic activity, particularly real GDP. The stages of a business cycle in order are

a. expansion, peak, contraction, and trough.

b. expansion, trough, contraction, and peak.

c. contraction, recession, expansion, and boom.

d. trough, expansion, contraction, and peak.

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Exploring Macroeconomics

ISBN: 9781111970314

5th Edition

Authors: Robert L. Sexton

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Question Posted: Oct 29, 2024 07:01 AM

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A business cycle reflects changes in economic activity, particularly real GDP. The stages of a business cycle

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Exploring Macroeconomics

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