A period of economic decline that follows the highest point in a business cycle is called a contraction. Thus the correct answer is B.
What is business?
An economic activity that involves the exchange of goods and services with the help of buying and selling with the objective to gain some profit is called Business.
In the economic, contraction is referred to as a point in business cycle when the economy is on the decline. This is caused due to increase in the rates of interest due to a lack of flow of money which leads to financial crisis or challenges rises due to inflation which leads to an increase in the prices of products and services.
Therefore, option B contraction is appropriate.
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