Ask Question
20 October, 05:17

During the contraction phase of the business cycle

+3
Answers (1)
  1. 20 October, 05:29
    0
    Contraction, in economics, refers to a phase of the business cycle in which the economy as a whole is in decline. A contraction generally occurs after the business cycle peaks, but before it becomes a trough
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “During the contraction phase of the business cycle ...” in 📗 History if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers