Question

Picture the following scenario: In the United States, the gross domestic product (GDP) has consistently decreased for six consecutive months. Most

businesses are struggling, although some are still thriving.
Based on this scenario, what phase of the economic cycle has the United States entered?
OA. Depression
OB. Recovery
C. Prosperity
D. Recession
O

Answer 1

The United States has entered the phase of recession in the economic cycle, as businesses struggle and GDP consistently decreases for six consecutive months.

Step-by-step explanation:

Based on the scenario presented, the United States has entered the phase of recession in the economic cycle. Recession is characterized by a sustained period of economic decline, including a decline in GDP for at least two consecutive quarters. In this phase, businesses typically face challenges and many may struggle, while some may still be able to thrive.

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