An economic recovery encompasses all of the following EXCEPT:

Question

Quizplus · Accepted Answer

The end of the business cycle is not a necessary component of an economic recovery. The business cycle is a recurring pattern of expansion and contraction in economic activity, and a recovery is simply the period of time following a contraction where economic activity begins to increase again. Therefore, an economic recovery can occur without necessarily marking the end of the business cycle. A, B, and C are all elements commonly associated with an economic recovery.

An Economic Recovery Encompasses All of the Following EXCEPT