Multiple Choice
The economic situation in Lanceberg, an African country, slowly picks up after a severe financial downturn. Over a period of 12 months, businesses expand and employment levels rise. Consumers begin to engage in normal buying behavior. In this scenario, the economy of Lanceberg is currently in the _____.
A) recovery phase
B) relapse phase
C) contraction phase
D) inflation phase
Correct Answer:
Verified
Correct Answer:
Verified
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