QuestionJune 3, 2025

Which of the following occurs in the recession period of the business cycle? a period of rapid economic growth and heightened expectations gross domestic product (GDP) is growing and trending upward a period of slow economic expansion and recovery gross domestic product (GDP) is stagnant or trending downward

Which of the following occurs in the recession period of the business cycle? a period of rapid economic growth and heightened expectations gross domestic product (GDP) is growing and trending upward a period of slow economic expansion and recovery gross domestic product (GDP) is stagnant or trending downward
Which of the following occurs in the recession period of
the business cycle?
a period of rapid economic growth and heightened expectations
gross domestic product (GDP) is growing and trending upward
a period of slow economic expansion and recovery
gross domestic product (GDP) is stagnant or trending downward

Solution
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Answer

Gross domestic product (GDP) is stagnant or trending downward Explanation 1. Identify characteristics of a recession A recession is characterized by a decline in economic activity, typically marked by GDP being stagnant or trending downward.

Explanation

1. Identify characteristics of a recession<br /> A recession is characterized by a decline in economic activity, typically marked by GDP being stagnant or trending downward.
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