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8 August, 20:36

Which of the following terms best applies to a very fast increase in economic output which usually occurs before a peak?

a. recession

b. expansion

c. boom

d. recovery

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  1. 8 August, 20:46
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    The term which best applies to a very fast increase in economic output which usually occurs before a peak is called a boom - c.

    When we're talking about booms, we're talking about high-upwared projected increases of economic output which are then followed by a peak and later on by a small decrease.
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