Which of the following is another term for the recovery period?
A)Medium run
B)Recession
C)Short run
D)Boom
E)Long run

Name: Which of the following is another term for the recovery period? A)Medium run B)Recession C)Short run D)Boom E)Long run
Brand: Quizplus
Rating: 4.9 (31 reviews)

Question

Quizplus · Accepted Answer

The medium run is typically defined as the time period in which an economy is recovering from a recession or contraction. Therefore, the recovery period is also known as the medium run.

Which of the Following Is Another Term for the Recovery