An economy experiences _____ after a peak.
A) a convolution
B) an expansion
C) a contraction
D) recovery
E) prosperity

Name: An economy experiences _____ after a peak. A) a convolution B) an expansion C) a contraction D) recovery E) prosperity
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Question

Quizplus · Accepted Answer

After a peak, an economy experiences a contraction which is marked by a slowing down of economic activity and a decline in GDP. This is also referred to as a recession.

An Economy Experiences _____ After a Peak