A? nation's economy experiences periodic increases in economic? activity, often followed by periods of economic slowdown or decline. this is known as? _______.

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13-06-2017
Business

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A? nation's economy experiences periodic increases in economic? activity, often followed by periods of economic slowdown or decline. this is known as? _______.

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andriansp andriansp · Answer 1 · 2017-06-20T11:05:40+02:00

A nation's economy experiences periodic increases in economic activity, often followed by periods of economic slowdown or decline is known as a peak phase. There are several phases of the economic condition of a country. The expansion phase, the peak phase, the recession phase, and the depression phase are some of this economic phases. A peak phase is the highest point of a nation's economic condition.