In a business cycle, the period between the high point of economic activity and the following low point is called

In a business cycle, the period between the high point of economic activity and the following low point is called

Naim 07:59

In a business cycle, the period between the high point of economic activity and the following low point is called



A. an expansion
B. inflation
C. stagflation
D. a recession



Answer: D


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