Which of the events is likely to occur when the business cycle is in a period of recession (contraction) ? an increase in the standard of living an increase in unemployment an increase in GDP (gross domestic product) an increase in economic growth

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Business

Gizmo

Yesterday, 19:09

Which of the events is likely to occur when the business cycle is in a period of recession (contraction) ? an increase in the standard of living an increase in unemployment an increase in GDP (gross domestic product) an increase in economic growth

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Karlee Villanueva · Answer 1

an increase in unemployment.

Explanation:

A business cycle is also called as an economic cycle pr a trade cycle and is downwards or the upward movement of the GDP around its long growth trends. The length of the business cycle is the period of time constrain and rapid shifts in the period of the economic growth to the periods of the relative stagnation and decline. As during the recession slow period of economic growth, rise the unemployment and a drop in the sales and a decline of the demands, income gets stagnant or declines.