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-worker layoffs
-lower prices
-less consumer spending therefore,
-less profit for businesses
-slow economy
-less demand for products
Low price of goods and services
businesses lay off workers
less demand on consumer goods and services
people spend less
lesser profit for business sectors
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A recession occurs during the expansion phase of a business cycle?
false
A shortage of a natural resource can lead to which phase in the business cycle?
recession
The phase of the business cycle in which real GDP declines is called?
recession
What is the start of the contraction phase in a business cycle called?
Similarly, a period of recession occurs at the start of the contraction phase.
Which phase in the business cycle occurs when the economy shrinks due to a decline in production of goods and services?
This is called a 'recession.'
What phase in business cycle is south Africa?
Recession phase
What phase of business cycle is Malaysia in now?
in recession
A recession occurs during the expansion phase of a business cycle?
false
A shortage of a natural resource can lead to which phase in the business cycle?
recession
The phase of the business cycle in which real GDP declines is called?
recession
What phase of the business cycle do employees lose their jobs to new applicants who are willing to accept lower wages?
recession
What is the start of the contraction phase in a business cycle called?
Similarly, a period of recession occurs at the start of the contraction phase.
Which phase of a business cycle can lead an economy into recession?
The most telling indicator or "cycle" is usually a decrease in material production.
What are the characteristics of a recovery phase of a business cycle?
The GDP will grow.
What causes business cycle in South Africa?
There are many causes for the business cycle in south Africa. One of the causes for this business cycle is the need for income.
Which phase in the business cycle occurs when the economy shrinks due to a decline in production of goods and services?
This is called a 'recession.'
Which phase in the business cycle occurs when the economy shrinks due to a decline in production in goods and services.?
This is called a 'recession.'
