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Homework answers / question archive / Which of the following statements about contractions is true? a

Which of the following statements about contractions is true? a

Business

Which of the following statements about contractions is true?

a. Significant or prolonged contractions are called booms.

b. A contraction usually follows a trough in the business cycle.

c. Contractions are periods when the real GDP grows slower than the trend.

d. The government usually does not have a part in moderating the business cycle when a contraction is occurring.

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