Question

Which of the following terms best applies to a reversal of economic output which occurs just before a period of new
economic growth?
a. boom
b. expansion
C. recovery
d. recession

Answer 1

Answer:

The correct answer is C. Recovery.

Step-by-step explanation:

Economic recovery is the economic stage immediately after a recession, where the economy begins to recover after the crisis. In this stage, there is an increase in production and employment and a decrease in unemployment, which leads to a greater abundance of money in the hands of society, which in turn begins to generate higher rates of consumption. In this phase of the cycle, investments increase, both spontaneously and under the influence of rising earnings. There is an increase in the number and volume of bank loans and deposits placed with banks, with a simultaneous stagnation at a low level or even a decrease in the level of interest rates.

Answer 2

The term that best applies to a reversal of economic output which occurs just before a period of new economic growth is recovery

What is an economic growth?

When several periods are compared, economic growth implies an increase in the production of economic goods and services.

When there is a reversal of economic output, the next stage is for the economy to recover.

Hence, the term that best applies is recovery

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