The economic situation in Lanceberg, an African country, slowly picks up after a severe financial downturn. Over a period of 12 months, businesses begin to expand and employment levels begin to rise. The markets in the country are also vitalized as consumers begin to engage in normal buying behavior. In this scenario, the economy of Lanceberg is currently in the _____.

Question

Quizplus · Accepted Answer

The economy of Lanceberg is currently in the recovery phase as businesses are expanding and employment levels are increasing, indicating a reversal of the previous downturn. The markets are also vitalized, indicating a return to normal buying behavior by consumers.

The Economic Situation in Lanceberg, an African Country, Slowly Picks