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Exam (elaborations)
Sophia Macroeconomics Unit 1 Milestone 1
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---14October 20232023/2024A+
- Select the statement below that corresponds to the business cycle. 
The process of expansion and contraction of the GDP 
Happens between expansions and recessions 
Shows only the periods of economic decline 
Happens between recessions and expansions 
7/30/2020 Sophia :: Welcome 

CONCEPT 
Business Cycles - Expansionary/Recessionary (NBER) 
2 
Which of the following could cause a shift in the demand curve? 
A major shift in supply 
A change in income 
A change in quantity 
A change in production ...
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