Multiple Choice
In the context of the business cycle, which of the following statements is true of the period of economic contraction?
A) Consumers shift their buying patterns to more basic products.
B) The dropping prices increase the sales of luxury goods and services.
C) Businesses start producing more goods to support the economy.
D) The economic feel-good factor brings in a lot of investment.
Correct Answer:
Verified
Correct Answer:
Verified
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