Asked by
Aiyana Peters
on Nov 30, 2024
Verified
The prosperity phase of the business cycle is _____ followed by the recession phase.
A) always
B) usually
C) sometimes
D) never
Prosperity Phase
A period during an economic cycle characterized by high economic growth, employment, and consumer spending.
Recession Phase
An interval of economic downturn where commercial and manufacturing operations decrease, commonly indicated by two successive quarters of falling GDP.
- Comprehend the stages of the business cycle along with their attributes.
Verified Answer
NO
Learning Objectives
- Comprehend the stages of the business cycle along with their attributes.