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.