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drek231 [11]
3 years ago
6

Notice that real GDP trends upward over time but experiences ups and downs in the short run. A period of declining real GDP, suc

h as the blue-shaded period in 1948, is known as_______(a recession/a business cycle/an expansion) .
Business
1 answer:
Murljashka [212]3 years ago
6 0
The answer to this question is the choice 'a recession'. The period of decline in real GDP and other factors in the economy such as the blue-shaded period in 1948 is called a recession.
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