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If an economy is in the early expansion phase of the business cycle, this most likely indicates that: A both inventory-to-sales ratios and labor utilization
If an economy is in the early expansion phase of the business cycle, this most likely indicates that: A both inventory-to-sales ratios and labor utilization are increasing. B both inventory-to-sales ratios and labor utilization are decreasing. C inventory-to-sales ratios are decreasing, and labor utilization is increasing
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