Examlex
Which statement is TRUE?
Economic Expansions
Phases in the business cycle where the economy grows, marked by increased production, employment, and consumer spending.
World War II
A global conflict that lasted from 1939 to 1945, involving most of the world's nations, including all of the great powers, organized into two opposing military alliances.
Hyperinflation
An extremely high and typically accelerating inflation rate, causing a rapid erosion of currency's real value.
Deflation
A decrease in the general price level of goods and services, often indicating an economic decline.
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