A period in which the level of business is consistently less than its long-term trend is known as

A. depression.
B. business cycle.
C. growth trend.
D. recession.

Answer: D

Economics

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________ policy attempts to manipulate ________ in the economy

A) Monetary; price controls B) Monetary; fiscal policy C) Fiscal; overall spending D) Fiscal; monetary policy

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Which of the following is NOT included in the measure of M1?

A) NOW accounts B) demand deposits C) currency D) savings deposits

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