Question

What happens to an economy during a recession cycle?
A. There is a general slowdown in the economy,
B. There are improvements in the employment and production rates,
C. There is high employment and rising demand,
D. There is a collapse in the economy as it moves to a new
specialization

Answer 1

Answer:

C. There is high employment and rising demand

Explanation:

Key Takeaways. A recession is a period of economic contraction, where businesses see less demand and begin to lose money. To cut costs and stem losses, companies begin laying off workers, generating higher levels of unemployment.