Which of the following statements accurately describe the phases
of a business cycle? Check all that...
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Economics
Which of the following statements accurately describe the phases
of a business cycle? Check all that apply. A contraction phase is
when an economy exhibits decreasing levels of production and
consumption. A period of expansion is when an economy exhibits
increasing levels of production and spending. A contraction phase
is when an economy exhibits increasing quantities of production and
spending. A period of expansion is when an economy exhibits
decreasing levels of production and spending.
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