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QUESTION FOUR[20] 4.1Examine which phase of the business cycle is linked to a contraction in gross domestic product. Use a diagram to motivate your answer.(9)

QUESTION FOUR[20]

4.1Examine which phase of the business cycle is linked to a contraction in gross domestic product. Use a diagram to motivate your answer.(9)

4.2Three 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)

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