ECONOMIC CONTRACTION LEADS TO

82. - TEST BANK FOR BUSINESS A CHANGING WORLD 5TH CANADIAN EDITION BY FERRELL
TEST BANK FOR BUSINESS A CHANGING WORLD 5TH CANADIAN EDITION BY FERRELL
82. Economic contraction leads to:spending increases→ recessionhigher employmentinflationdeflationIn an economic contraction, businesses cut back on production and lay off workers. This leads to a recession, which is characterized by rising levels of unemployment. Accessibility: Keyboard NavigationBloom's: KnowledgeDifficulty: MediumLearning Objective: 01-05 Specify why and how the health of Multiple Choice Question the economy is measured.