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The following data give the dates of successive turning points in Canadian economic activity and the corresponding levels of real GDP at the time:
Which of the following periods is most likely to correspond to an expansion?
Degrees Fahrenheit
A temperature scale where water's freezing point is at 32 degrees and its boiling point is at 212 degrees, given standard atmospheric conditions.
Temperature
A measure of the hotness or coldness of an object or substance with reference to some standard value.
Thermostat
A thermostat is a device used to control the temperature of a system so that the system's temperature is maintained near a desired set-point by regulating the flow of heat energy into or out of the system.
Degrees Fahrenheit
Degrees Fahrenheit is a unit of temperature where water freezes at 32 degrees and boils at 212 degrees under standard atmospheric conditions.
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