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AP Macroeconomics-Module 2 Exam Questions And New update Answers
AP Macroeconomics-Module 2 Exam Questions And New update Answers 
 
business cycle - Answer-The short-run alternation between economic downturns, known as recessions, and economics upturns, known as expansions 
 
/.depression - Answer-A very deep and prolonged downturn 
 
/.recession - Answer-A period of economic downturn when output and employment are falling; also referred to as a contraction 
 
/.expansion - Answer-Period of economic upturn in which output and employment are rising; most econ...