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VCE Eco Economic growth and AD Flashcards | StudBud
VCE Eco Economic growth and AD
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What does the trend in Australia's unemployment rate between mid 2020 and mid 2022 tell you about the business cycle?
A
The trend is decreasing- the Australian business cycle was contracting
B
The trend is increasing- the Australian business cycle was expanding
C
The trend is decreasing- the Australian business cycle was expanding
D
The trend is decreasing- the Australian business cycle was contracting
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