Answered

Welcome to Westonci.ca, your one-stop destination for finding answers to all your questions. Join our expert community now! Get detailed and precise answers to your questions from a dedicated community of experts on our Q&A platform. Explore comprehensive solutions to your questions from knowledgeable professionals across various fields on our platform.

Question 1 of 10
In a business cycle, a contraction occurs when:
OA. a period of economic growth reaches its highest point.
B. the economy begins to show growth in key economic indicat
OC. a period of economic decline reaches its lowest point.
D. the economy slows down following a period of growthm

Sagot :

marvineetesh3

In a business cycle, a contraction take place when there is the economic downturn after the construction of economic growth. Option D is correct.

What is contraction in business cycle?

Contraction is defined a diminishing in whole of the economy in the business cycle, it is the 3rd phrase of the business cycle. A contraction happens when the business cycle attains its peak, but before it reaches its trough.

Therefore, option D is correct.

Learn more about the business cycle, refer to:

https://brainly.com/question/13535979

#SPJ1

We hope this was helpful. Please come back whenever you need more information or answers to your queries. Your visit means a lot to us. Don't hesitate to return for more reliable answers to any questions you may have. We're glad you chose Westonci.ca. Revisit us for updated answers from our knowledgeable team.