In a business cycle, the phase preceding prosperity is
A)recession.
B)depression.
C)recovery.
D)recession or depression.

Name: In a business cycle, the phase preceding prosperity is A)recession. B)depression. C)recovery. D)recession or depression.
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Question

Quizplus · Accepted Answer

The phase preceding prosperity in a business cycle is recovery. During recovery, economic activity starts to pick up following a period of recession or depression, leading into the prosperity phase where the economy is at its peak.

In a Business Cycle, the Phase Preceding Prosperity Is