During the recession phase of an economic cycle, all of the following occur except D: employment levels increase.
The ordinary series of the economic cycle is a length of expansion, followed by way of financial top prosperity, accompanied by a decline in the economic hobby recession, followed by way of an economic recovery leading to similarly enlargement.
The economic cycle is the fluctuating kingdom of an economy from durations of monetary expansion and contraction. it's also measured with the Gross Domestic Product of a rustic or vicinity.
The economic cycle fluctuates between periods of enlargement and contraction. those modifications are caused by degrees of employment, productivity, and the whole call for and supply of the kingdom's goods and offerings.
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A: output falls
B: demand for goods and services falls
C: deflation can occur
D: employment levels increase
