there are four stages in an economic recovery. 1. increased production 2. rising demand (occurs twice) 3…

there are four stages in an economic recovery. 1. increased production 2. rising demand (occurs twice) 3. increased hiring in which order do these stages occur? o 2,1,2,3 o 3,2,1,2 o 2,3,1,2 o 2,1,3,2

there are four stages in an economic recovery. 1. increased production 2. rising demand (occurs twice) 3. increased hiring in which order do these stages occur? o 2,1,2,3 o 3,2,1,2 o 2,3,1,2 o 2,1,3,2

Answer

Answer:

A. 2, 1, 2, 3

Explanation:

Step1: Initial demand rise

In economic recovery, first, demand starts to rise (2). This signals to producers that there is a market for more goods and services.

Step2: Production increase

As a response to the rising demand, producers increase production (1) to meet the new - found demand.

Step3: Second demand rise

After production increases, there is often a second wave of rising demand (2) as more products are available in the market and consumers may have more confidence.

Step4: Hiring increase

Finally, to sustain the increased production and meet the continued demand, firms increase hiring (3).