During this phase, output, incomes and employment numbers are going down.Select one:a. Double Dip Recessionb. Expansionc. Recoveryd. Contraction

During this phase, output and employment are rising and so is consumer spending.Select one:a. Double Dip Recessionb. Expansionc. Recoveryd. Contraction

During this phase, the economy just started to rise from recession then falls back into recession.Select one:a. Double Dip Recessionb. Recoveryc. Expansiond. Contraction

This phase is characterized by slightly rising GDP but may be marked by high unemployment so there is still the danger it will fall.Select one:a. Contractionb. Recoveryc. Expansiond. Double Dip Recession

A declining GDP and a rising unemployment rate are most likely indicators that an economy is in which phase of the business cycle?A.TroughB.PeakC.ExpansionD.Contraction

The period of the business cycle between the peak and the trough is the  recovery.   depression.   expansion. Correct!  recession