Answer:
In this blank graph of the business cycle, what does the red circled area on the graph BEST represent? any changes in government spending or taxes for the purposes of expanding or shrinking the economy as needed
Explanation:
The natural rise and fall of economic growth over time is considered as the business cycle. The business cycle is a valuable tool for understanding the economy.
Correct option is A.
In this blank graph of the business cycle, the red circled area on the graph BEST represent "Contraction".
Contraction starts once the economy reaches its peak and concludes when GDP and other indicators stop falling. The economy is not growing at this point: rather, it is contracting. The economy enters a recession when the GDP rate falls below zero.
To know more about Business Cycle, refer to the link:
https://brainly.com/question/4511868
