Asked by Victoria Archie on May 12, 2024
Verified
Which of the following would indicate the beginning of a recessionary phase in an economy?
A) Many new firms starting up
B) Stock prices improving
C) Businesses slowing down
D) Demand for real estate picking up
E) Orders for new equipment increasing
Recessionary Phase
A period in the economic cycle when the economy is declining, characterized by reduced industrial activity, trade, and consumer spending.
Real Estate
Property consisting of land and the buildings on it, along with its natural resources, and engaged in the buying, selling, and renting of these properties.
- Comprehend the periods and features of economic upswings and downturns.
Verified Answer
WH
william hansenMay 18, 2024
Final Answer :
C
Explanation :
When businesses slow down, it indicates that there is a decrease in economic activity, which is a typical characteristic of a recessionary phase. The other options suggest growth and expansion, which are not indicative of a recession.
Learning Objectives
- Comprehend the periods and features of economic upswings and downturns.