Ayala Horton
01/11/2024 · Primary School
A country's economy has been struggling. Many companies have gone out of business, and many of their former workers are unemployed. Banks have been unwilling to offer loans to people and businesses that want them. Even worse, the country's largest companies are preparing to shut down some major projects. Economists project that the economy will continue to struggle for a long time. Which phase of the business cycle best describes the country in this scenario? A. Peak D. Cxpangh D. Contraction
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The country is in the **D. Contraction** phase of the business cycle.
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