Question: 13 A business cycle reflects changes in economic activity, particularly real GDP. The official stages of a business cycle in the order they occur are:

13 A business cycle reflects changes in economic activity, particularly real GDP. The official stages of a business cycle in the order they occur are: trough, expansion, recession, peak expansion, peak, recession, trough contraction, recession, expansion, boom 1 pts expansion, trough, recession, peak

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