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Arun is the owner of a luxury car dealership. He is very much worried about his business b

Arun is the owner of a luxury car dealership. He is very much worried about his business because sales of his luxury cars have declined considerably. He has read that unemployment is up, that consumer spending is down, and consumer income is also down. Which of the following best describes the current economy?


[A]Recession


[B]Inflation


[C]Stagnation


[D]Price escalation

Dec 11 2017 Read more Less More

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