Economy, asked by rb806218, 5 months ago

which of the following is not an Phase of trade cycle
A- Recession B- Boom
D- Recovery
& - cyclical changes.​

Answers

Answered by RGaltos
0

Answer:

a.

Explanation:

recession and b boom

Answered by AmulGupta
1

Option D,  cyclical changes is not a phase of trade cycle.

There are four phases of trade cycle which are

  • recovery
  • boom
  • recession
  • depression  

whereas, cyclical changes can be short term or long term. Such changes repeat themselves after fixed cycles unlike trade cycles do not occur at fixed periods. Monsoon is one such example of cyclical changes.

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