D and E A+ users ^^
E & f
contraction
A business cycle.
contraction
A business cycle
Similarly, a period of recession occurs at the start of the contraction phase.
contraction
A severe contraction is referred to as a depression, the type that occurred in 1930s.
A business cycle.
contraction
economic growth weakens and becomes a recession
contraction
Economic Contraction
A business cycle
Similarly, a period of recession occurs at the start of the contraction phase.
Expansion, Peak, Contraction, and Trough (recession)
contraction and expansion.
The main stages are expansion, prosperity, contraction and recession