zamoramari2007 zamoramari2007

12-08-2024
English

Answered

In 1929, the stock market crashed. It set off a chain of events that resulted in banks closing and consumers losing much of their savings. Demand plummeted, and businesses drastically reduced their production. In the years following, unemployment reached record high levels.

What stage of the business cycle fits the description?

A.
Depression
B.
Recession
C.
Prosperity
D.
Recovery

Answer :

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