Real life example of recovery in business cycle

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asked Oct 13, 2023 90.7k views

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Nallath · Answer 1 · 2023-10-17T09:58:55+0000

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Explanation:What Is an Economic Recovery? Economic recovery is the business cycle stage following a recession that is characterized by a sustained period of improving business activity. Normally, during an economic recovery, gross domestic product (GDP) grows, incomes rise, and unemployment falls as the economy rebounds.

Real life example of recovery in business cycle

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