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Which of the following phases of a business cycle are marked by an underuse of resources?
Which of the following phases of a business cycle are marked by an underuse of resources?
1) The trough.
2) The peak.
3) The recovery.
4) The recession.
A . 1 and 3 only
B . 1 and 4 only
C . 2 and 3 only
D . 2 and 4 only
Answer: B
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