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Which of the following circumstances usually comes before a period of economic contraction? Decreasing inflation High unemployment Low GDP Peak production

Heather Maxwell

in History

1 answer

1 answer

Whitney Matthews on April 25, 2019

Response;Peak productionExplanation;-An economic downturn is a phase of the economic cycle in which there is a decrease in the national production, as measured by the gross domestic product. That includes the fall in personal income, industrial production and retail sales. Increases in unemployment rates. Businesses stop hiring to save money in the face of lower demand. -Contraction occurs after the business cycle peaks, but before it becomes a trough. Occurs when a country's real GDP has declined for two or more consecutive quarters.

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