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There are four stages in an economic recovery. 1. increased production 2. rising demand (occurs twice) 3. increased hiring

User Swanson
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During and economic recovery, that is when an economy is lifted out of recession, firms seek to create changes in the level of demand. In order to that a firm needs to hire more employees, a crucial factor of production and thus increases the outocome.

So, the recovery phase of the cycle usually begins with low interest rates, and continues with increases in demand and employment, which leads to economic expansion.

User Abir Ahsan
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