there are four stages in an economic recovery.\n1. increased production\n2. rising demand (occurs twice)\n3…
there are four stages in an economic recovery.\n1. increased production\n2. rising demand (occurs twice)\n3. increased hiring\nin which order do these stages occur?\no 2,1,2,3\no 3,2,1,2\no 2,3,1,2\no 2,1,3,2
Answer
Brief Explanations:
In economic recovery, initially demand rises (first - stage). This increased demand prompts producers to increase production (second - stage). As production increases, more workers are needed, so hiring increases (third - stage). Then, as more people have jobs and income, demand rises again (fourth - stage).
Answer:
A. 2, 1, 2, 3