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The ISM Purchasing Manager's Index (PMI) has a current reading of 48. This means that _______________________. a) The manufacturing sector is contracting. b) The retail

The ISM Purchasing Manager's Index (PMI) has a current reading of 48. This means that _______________________.

a) The manufacturing sector is contracting.

b) The retail sector is contracting.

c) The manufacturing sector is expanding.

d) The economy is in a recession.

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