The period of expansion following a recession when output is increasing but is still lower than its long-run level is known as recovery.
What is recovery?
In most cases, when someone says they are "in Recovery," they are referring to the fact that they are getting treatment for their alcohol or drug addiction. Recovery encompasses a wide area. Recovery is frequently used interchangeably with "in remission." Regaining or restoring something is the definition of recovery. Someone recovering after being ill is one illustration of this. a method of making an effort to alter dysfunctional behavior, for as by refraining from using an addictive substance. a recovering alcoholic.
Therefore,
The period of expansion following a recession when output is increasing but is still lower than its long-run level is known as recovery.
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