The following statements about the business cycle are correct except ______. A. It is a regular predictable

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The following statements about the business cycle are correct except ______.

A. It is a regular predictable cycle in real GDP around potential GDP

B. From the peak to the trough, the economy is in a recession

C. From the trough to the peak, the economy is in an expansion

D. It is a periodic movement in economic activity including employment

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Foundations of Macroeconomics

ISBN: 978-0134492001

8th edition

Authors: Robin Bade, Michael Parkin

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Question Posted: May 21, 2018 05:42 AM

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The following statements about the business cycle are correct except ______. A. It is a regular predictable

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Foundations of Macroeconomics

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