Question

10. In ____ phase economy registers an upward trend in output, income and employment

a. Recovery

b. Depression

c. Recession

d. Prosperity​

Answer 1

Answer:

The answer will be option (a) that is recovery.

• Recovery is the part of the business cycle stage which is followed by recession which is beneficial as it aims at improving business activity. During the phase of recovery, Gross Domestic Product (GDP) increases, incomes of individuals also rises, and unemployment decreases.
• Throughout the part of an economic recovery, the economy undergoes a method which aims at adapting new things and adjusting to new conditions and environment
• The labor, capital products, and different productive resources that were pledged in businesses that failed and went under during the recession are re-employed in new things as unemployed workers tries to find new jobs and failed firms are bought up or divided up by others.