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QUESTION FOUR [20] 4.1 Examine which phase of the business cycle is linked to a contraction in gross domestic product. Use a diagram to motivate

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QUESTION FOUR [20] 4.1 Examine which phase of the business cycle is linked to a contraction in gross domestic product. Use a diagram to motivate your answer. (9) 4.2 Three consecutive contractions in gross domestic product implies the onset of recession for an economy. Compile a fiscal policy to take an economy out of this undesirable situation. (11) e

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