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Yesterday, 07:17

A shortage of a natural resource can lead to which phase in the business cycle?

A. recovery

B. expansion

C. boom

D. recession

Answers (2)
  1. C
    Yesterday, 08:33
    0
    I believe the answer is: D. Recession

    Recession refers to the period when the market experience a general slow down in economic activity. When there is a shortage in natural resources, the producers would have less material to make their products. This would cause the economic activity in the market to slow down
  2. C
    Yesterday, 10:35
    0
    The right answer for the question that is being asked and shown above is that: "B. expansion." A shortage of a natural resource can lead to which phase in the business cycle: It is the expansion stage of the business cycle.
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