Question

1. Job loss 2. Falling production 3. Falling demand (occurs twice) 4. Peak production In which order do these stages occur? 4, 3, 2, 1, 3 3, 2, 1, 3, 4 4, 3, 2, 3, 1 4, 2, 3, 1, 3.

Answer 1

The correct order does these stages occur is 4, 3, 2, 1, 3.

What is a recession?

A recession is a point at which the economy decreases fundamentally for no less than a half year.

In the correct order does these stages occur.

• The five stages in a recession occur as follows: 4,3,2,1,3 or peak production, falling demand, falling production, job loss, and then falling demand.

• At first, production is at its peak (4) but as demand for products and services falls (3), the production also falls (2).

• Production fall leads to the need for companies to lay off their employees or job loss (1).

• Lastly, as things do not improve demand for products and services continues to fall (3).

Hence, the correct order does these stages occur is 4, 3, 2, 1, 3.

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