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Figure 12-6
In the circuit shown in the figure above, what happens when the STOP button is pressed?
Contraction
A period during which the economy declines as reflected by falling output, employment, income, and other aggregate measures.
Expansion
A period during which the economy grows as reflected by rising output, employment, income, and other aggregate measures
Long-term Growth
The sustained increase in the economic output of a country or region over a significant period.
Rules Of Game
The set of guidelines and principles that determine how a particular game or activity is conducted.
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