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What happens during the contraction phase of the economic cycle?

User Else
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Answer → business activity is slowing, unemployment is increasing, and the economy is struggling.

User Daniel Grillo
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Answer:

During a contraction, business activity is slowing, unemployment is increasing, and the economy is struggling. A recession typically lasts about one year, but may be longer or shorter. The contraction phase of the business cycle follows the peak and continues till the trough.

Step-by-step explanation:

User Xsmael
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