In which of the following phase,output,employment,income, etc. begin to decline?
A) Recession
B) Prosperity
C) Depression
D) Recovery
Answers
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3
Answer:
I think prosperity
Explanation:
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In the recession phase ,output,employment,income, etc. begin to decline.
Explanation:
- During a recession, demand for products and services begins to rapidly decline. Prices are falling, and economic indices such as income, output, and salaries are starting to plummet.
- In the depression phase, the economy's growth continues to diminish, and unemployment is on the rise.
- A recession, according to the NBER, is a phase in the business cycle between a peak and a trough in which there is a considerable drop in economic activity across the economy that can last anywhere from a few months to more than a year.
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