Answer:
Step-by-step explanation:
Option 2: False
During the peak or prosperity stage of a nation's business cycle, businesses are actually more likely to offer new products and services. This is because during this stage, the economy is experiencing high levels of production, employment, and consumer spending.
In a prosperous economy, businesses have greater confidence in the market demand for their products and services. They may take advantage of the favorable conditions to invest in research and development, launch new products, and expand their operations. This is because consumers have higher purchasing power and are more willing to spend on new offerings.
By introducing new products and services, businesses can tap into the increased consumer demand and further stimulate economic growth during the peak or prosperity stage of the business cycle.
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