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1 1. The figure that follows shows a business cycle. Identify each of the following as a phase of the business cycle: a. Point A

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1 1. The figure that follows shows a business cycle. Identify each of the following as a phase of the business cycle: a. Point A b. Between points A and B c. Point B d. Between points B and C e. Point D D A Real GDP C B TimeCconorme Peale ( Boom) wevet y Recession Prosperity Depression Revival Beaular Trough ( slump ) 1 send in GINA flame

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