lourdesjenson
Answered

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Put the phases of the business cycle in the correct order in which they follow a depression.

First phase

1. Recovery
2. Boom
3. Recession
4. Depression

Final phase

Edit: I put it in order so that's the answer​

Put The Phases Of The Business Cycle In The Correct Order In Which They Follow A DepressionFirst Phase 1 Recovery 2 Boom 3 Recession4 DepressionFinal PhaseEdit class=

Sagot :

Parrain

Answer:

1. Recovery

2. Boom

3. Recession

4. Depression.

Explanation:

You are quite right. That is the order.

After a depression occurs and the economy is in dire straits, it begins to recover due to a mix of factors such as government spending and cheaper inputs enabling more production.

The peak of this recovery is the Boom where the economy is doing very well but inflation has risen which would then make inputs expensive again.

As workers begin to be laid off, a recession kicks in and without intervention the economy would continue it's downward spiral till it is back in a depression.

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