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4, 3, 2, 1, 3
Which best describes what is represented in the business cycle model?
macroeconomic trends
What do these graphs indicate about the relationship between employment levels and prices during economic cycles-As unemployment rates rise, average prices fall
There are four stages in an economic recovery.
2, 1, 3, 2
Which best describes how a recession develops as demand and production decrease-
The recession feeds on itself
Which event best describes why it is difficult to sell a home during a recession
Demand greatly decreases
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