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Answer to Question #94457 in Macroeconomics for Nomthandazo

Question #94457
in the business cycle, the recession phase is followed by a/an..

(1) upswing
(2) trough
(3) downswing
(4) peak
1
Expert's answer
2019-09-24T08:31:40-0400

Each business cycle has four phases. They are expansion, peak, recession, depression, trough and recovery. Therefore, the recession is followed by downswing. Answer : 3

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