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Before meeting with a new client, you decide to review the latest economic news just in case he asks about the state of the economy.

Before meeting with a new client, you decide to review the latest economic news just in case he asks about the state of the economy. All of the following statements are false, EXCEPT: a) as the economy begins to grow, it moves into a trough. b) as the economy stops growing, it reaches a peak. c) inflation increases during a contraction. d) unemployment increases during an expansion

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