artisticforce21 artisticforce21
  • 22-03-2018
  • Social Studies
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During a contractionary phase of the business cycle, which of the following most likely occurs

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MrsTriplet MrsTriplet
  • 01-04-2018
During a contractionary phase of the business cycle, declining growth in the real GDP and after the peak of a business cycle. During this phase, the entire economy is slowing declining. There was just a huge peak in business and then it falls. Eventually, the economy comes back around but during this time, it's tough. 
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