Loger's, a high-end apparel company in Bruslon, an Asian country, cuts back on production as consumers start turning to basic products such as food because of the economic downturn in the country. The company also lays off many of its employees to further cut down expenses. In the context of the business cycle, Bruslon is most likely going through a period of _____.

Question

Quizplus · Accepted Answer

Bruslon is likely experiencing an economic contraction, as indicated by reduced consumer spending on non-essential items and layoffs, which are typical signs of a downturn in the business cycle.

Loger's, a High-End Apparel Company in Bruslon, an Asian Country