ebrahim65 ebrahim65
  • 03-04-2020
  • Business
contestada

If GDP is going down, what part  of the business cycle is the economy in?

Respuesta :

andriansp andriansp
  • 08-04-2020

Answer:

Recession / contraction

Explanation:

Typically, this cycle occurred when there is an average downfall in market demand. This reduce the amount of spending that the customers willing to make.

When this happen, there will be a really high risk that the goods that produced will be left unsold. This discourage sellers to produce the goods and eventually led to the decrease in the nation's GDP.

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