Which phase of the business cycle would be most closely associated with an economic contraction?
A)peak
B)recession
C)trough
D)expansion

Name: Which phase of the business cycle would be most closely associated with an economic contraction? A)peak B)recession C)trough D)expansion
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Question

Quizplus · Accepted Answer

A recession is a period of economic decline, marked by a decrease in GDP, employment, and trade. It is typically considered the phase of the business cycle associated with an economic contraction.

Which Phase of the Business Cycle Would Be Most Closely