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During a business cycle: A) Firms will not invest B) Output is increasing at a constant rate C) A boom and a recession alternate D) Inflation and output remain constant An increase in aggregate supply

During a business cycle: A) Firms will not invest B) Output is increasing at a constant rate C) A boom and a recession alternate D) Inflation and output remain constant An increase in aggregate supply, with AD constant, will lead to an: A) Inflationary boom B) Inflationary recession C) Deflationary recession D) Deflationary boom.

Apr 12 2021 View more View Less

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