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An investor decides to sell long-term bonds and buy equities in order to profit from a change in the current phase of the business cycle.
An investor decides to sell long-term bonds and buy equities in order to profit from a change in the current phase of the business cycle. Which phase of the business cycle is the economy likely entering?
a.End of peak into recession.
b.End of expansion into recession.
c.End of contraction into expansion.
d.Late expansion into peak.
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