Miscellaneous Quiz / INTRO TO BUSINESS 2-2 REVIEW

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INTRO TO BUSINESS 2-2 REVIEW?

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The movement of the economy from one condition to another and back again is called a...?
A period in which most people who want to work are working, businesses produce goods and services in record numbers, and wages are good, this period is known as...?
A period in which demand begins to decrease, businesses lower production, unemployment begins to rise, and GDP growth slows, this period is known as...?
A phase marked by prolonged periods of high unemployment, weak consumer sales, and business failures is known as...?
A phase in which unemployment begins to decrease, demand for goods and services increases, and GDP begins to rise again is known as...?
An increase in the general level of prices is called an...?
A number that compares prices in one year with prices in some earlier base year is known as a...?
A decrease in the general level of prices is known as...?

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