During which phase of the business cycle does the pace of economic activity slow down and GDP falls?
A) expansion
B) peak
C) contraction
D) trough
E) acceptance

Question

Quizplus · Accepted Answer

During the contraction phase of the business cycle, the pace of economic activity slows down and GDP falls. This phase follows the peak and precedes the trough, marking a period of declining economic performance.

During Which Phase of the Business Cycle Does the Pace