Economists have identified several consecutive months of falling employment, and forecasts for the next few months suggest more of the same. The economy is at the _____ stage of the business cycle.

Question

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Consecutive months of falling employment is one of the key indicators of a recession in the business cycle, which is characterized by a general slowdown in economic activity, including decreasing employment rates, declining GDP, and weakening consumer confidence.

Economists Have Identified Several Consecutive Months of Falling Employment, and Forecasts