lselena00 lselena00
  • 13-05-2020
  • History
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During the contraction phase of the business cycle

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izzycook
izzycook izzycook
  • 13-05-2020
Contraction, in economics, refers to a phase of the business cycle in which the economy as a whole is in decline. A contraction generally occurs after the business cycle peaks, but before it becomes a trough
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