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3. Consider the graph below: Real GDP (Billions $) 6.5 5.5 D winding 3. 2005 2006 2007 2008 2009 2010 Time a. Match each part

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3. Consider the graph below: Real GDP (Billions $) 6.5 5.5 D winding 3. 2005 2006 2007 2008 2009 2010 Time a. Match each part of the business cycle with the appropriate letter from the graph. . Recession Expansion Peak Trough b. Estimate real GDP at the last peak on the graph above

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