Question

A significant decline in general economic
activity extending over a period of time is (€)
a) Business cycle b) Contraction phase
c) Recession
d) Recovery.
explain in detail...​

Answer 1

Answer:

a) Recession.

Explanation:

A recession is a significant decline in general economic activity extending over a period of time.

Recessions result in economic hardship for many people and can have long- lasting effects.

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Hope it helps you. :)

Answer 2

Answer:

contraction phase

the correct answer is contraction phase