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Order the business cycle

Exercise and reference answers

Steps
  1. Peak, the high point
  2. Recession begins
  3. Trough, the low point
  4. Recovery to a new peak
Instructions
Tap the stages in the order the economy passes through them.

Explanation

_Source: OpenStax Principles of Macroeconomics for AP Courses 2e (CC BY 4.0), Ch 5 'The Macroeconomic Perspective'_
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