Question 1 of 10
In a business cycle, a contraction occurs when:
OA. a period of economic growth reaches its highest point.
B. the economy begins to show growth in key economic indicat
OC. a period of economic decline reaches its lowest point.
D. the economy slows down following a period of growthm

Question

01-06-2022
Business

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Question 1 of 10
In a business cycle, a contraction occurs when:
OA. a period of economic growth reaches its highest point.
B. the economy begins to show growth in key economic indicat
OC. a period of economic decline reaches its lowest point.
D. the economy slows down following a period of growthm

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marvineetesh3 marvineetesh3 · Answer 1 · 2022-06-14T02:06:03+02:00

In a business cycle, a contraction take place when there is the economic downturn after the construction of economic growth. Option D is correct.

What is contraction in business cycle?

Contraction is defined a diminishing in whole of the economy in the business cycle, it is the 3rd phrase of the business cycle. A contraction happens when the business cycle attains its peak, but before it reaches its trough.

Therefore, option D is correct.

Learn more about the business cycle, refer to:

https://brainly.com/question/13535979

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Question 1 of 10 In a business cycle, a contraction occurs when: OA. a period of economic growth reaches its highest point. B. the economy begins to show growth in key economic indicat OC. a period of economic decline reaches its lowest point. D. the economy slows down following a period of growthm

Respuesta :

What is contraction in business cycle?

Otras preguntas

Question 1 of 10
In a business cycle, a contraction occurs when:
OA. a period of economic growth reaches its highest point.
B. the economy begins to show growth in key economic indicat
OC. a period of economic decline reaches its lowest point.
D. the economy slows down following a period of growthm