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These are the four stages of the business cycle.
1. depression
2. prosperity
3. recession
4. recovery
In which order do these stages occur?
Options:
a, 1, 3, 4, 2
b. 3, 1, 2, 4
c. 4, 2, 3, 1
d. 2, 3, 1, 4

Respuesta :

lucic

Answer

The four stages of the business cycle are; D. Prosperity, recession, depression, recovery

Explanation

The first phase of the business cycle is the prosperity phase where there is an expansion of output, income, employment, prices and profits. There is also improvement of standard of living at this stage.

The second phase is the recession phase that is characterized by being the turning point from prosperity to depression. During this phase there is slow down of economic activities and it generally lasts for a short period of time.

Depression phase is when there is contraction or downswing of economy and is characterized by decrease in volume of output, fall in income and rise in unemployment, fall in interest rate and deflation.

Recovery phase is the lower turning point in the cycle where the business recovers from depression to prosperity. It is characterized by expansion and rise in economic activities. Demand will rise, increasing production that boosts investment.


yersanabria

The four stages of the business cycle occur in the following order:

  1. Prosperity
  2. Recession
  3. Depression
  4. Recovery

Business Cycle

This cycle indicates the different stages through which the economy of a country on a large scale or a company on a smaller scale can pass.

In the first place, there is usually great prosperity, where job opportunities abound and the quality of life of each person is relatively good, then the recession occurs, where opportunities decrease as well as the ability to obtain goods or services.

Depression is a high recession or a prolonged recession for a long time, for which many people tend to lose their jobs or get into debt with banks, causing an overall low quality of life.

Finally, the recovery consists of the gradual improvement of the economic stability of the country, heading towards prosperity again.

If you want to learn more about Business Cycle, you can visit the following link: https://brainly.com/question/25865892?referrer=searchResults

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