what is the name of the period when an economy begins to shrink?\nrecession\ndepression\nrecovery\npeak

Brief Explanations:

A recession is defined as a significant decline in economic activity spread across the economy, lasting more than a few months, normally visible in real - GDP, real income, employment, industrial production, and wholesale - retail sales. It marks the start of an economic contraction. A depression is a more severe and long - lasting form of economic decline. Recovery is when the economy starts to grow again after a recession or depression. A peak is the highest point of economic activity before a downturn.

Answer:

A. recession