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mojhsa [17]
3 years ago
13

During a contractionary phase of the business cycle, which of the following most likely occurs

Social Studies
1 answer:
Maslowich3 years ago
3 0
During a contractionary phase of the business cycle, declining growth in the real GDP and after the peak of a business cycle. During this phase, the entire economy is slowing declining. There was just a huge peak in business and then it falls. Eventually, the economy comes back around but during this time, it's tough. 
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