Find the best answers to your questions at Westonci.ca, where experts and enthusiasts provide accurate, reliable information. Explore thousands of questions and answers from knowledgeable experts in various fields on our Q&A platform. Join our platform to connect with experts ready to provide precise answers to your questions in different areas.

From a trough to a peak, the economy goes through


Sagot :

The economy will then start to shrink as it descends from the peak and enters recession.

What is happening to the economy during the trough phase?

The economy's growth rate declined during the depression phase. Up until the demand and supply for products and services, as well as the prices of the factors, reach their lowest point, there is still a further decrease. Eventually, the economy sinks to its lowest point. The economy enters the peak phase when it reaches its highest level of output, which marks the end of growth. After this, a contractionary phase occurs as employment levels and housing starts start to drop.

The time between an economic activity's peak and its subsequent trough, or lowest point, is known as a recession. The economic cycle between its trough and peak is one of expansion.

Learn more about the economy here:

https://brainly.com/question/19048508

#SPJ1

Thanks for using our platform. We're always here to provide accurate and up-to-date answers to all your queries. Thanks for using our service. We're always here to provide accurate and up-to-date answers to all your queries. We're here to help at Westonci.ca. Keep visiting for the best answers to your questions.