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Which of the following is characteristic of a downturn in the business cycle?
Communist Bureaucrats
Officials in a government or party advocating for communism, often seen as having inefficient or complex procedures.
Business Decisions
Choices made by companies based on analysis and strategic considerations to achieve specific objectives.
Capitalist Economy
An economic system where private individuals rather than the state own and control property and businesses.
Centrally Planned Economy
An economic system where the government or central authority makes all decisions regarding the production and distribution of goods and services, often found in socialist or communist countries.
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