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    Question

    Which of the following is a phase of the business

    cycle? A. Expansion B. Recession C. Peak
    A (A) & (C) only Correct Answer Incorrect Answer
    B (Ξ‘) & (B) only Correct Answer Incorrect Answer
    C (B) & (C) only Correct Answer Incorrect Answer
    D All (A), (B) & (C) Correct Answer Incorrect Answer

    Solution

    The correct answer is D

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