Asked by hi
Which of the following terms best applies to a reversal of economic output which occurs just before a period of new economic growth?
a.
boom
b.
expansion
c.
recovery
d.
recession
All Answers 1
Answered by
GPT-5 mini
AI
c. recovery
A recovery is the phase when economic output stops falling and begins to rise again, marking the turnaround that leads into new growth (the expansion).
A recovery is the phase when economic output stops falling and begins to rise again, marking the turnaround that leads into new growth (the expansion).
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