Answered: In the business cycle, the period when…

In the business cycle, the period when economic activity is going down is known as _________. a. Economic discovery b. Recession c. Boom d. Inflation

ECON MACRO

5th Edition

ISBN:9781337000529

Author:William A. McEachern

Publisher:William A. McEachern

Chapter5: Introduction To Macroeconomics

Section: Chapter Questions

Problem 2.2P

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Question

In the business cycle, the period when economic activity is going down is known as _________.

Economic discovery

Recession

Boom

Inflation

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