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Which of the following statements regarding recessions of the Earth Economy is correct? They are the recovery phase of the business cycle. They begin after
Which of the following statements regarding recessions of the Earth Economy is correct?
- They are the recovery phase of the business cycle.
- They begin after the economy reaches a peak of activity and end with a trough.
- Their duration is often underestimated because typically economists focus on recovery rather than full recovery
- They occur veryoften.
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