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Economics - Financial Markets 11 Online
OpenStudy (anonymous):

All of the following are correctly paired with their phase of the business cycle, EXCEPT __________. A. high level of employment: peak phase. B. slowdown of business activity: contraction phase. C. rising unemployment: recovery phase. D. production levels are at their worst: trough phase

OpenStudy (anonymous):

I'd say C - If the economy is recovering, then more jobs should be created. Hence unemployment should not be rising.

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