Question

there are five stages in a recession.

1. job loss
2. falling production
3. falling demand (occurs twice)
4. peak production

in which order do these stages occur?
o 4, 3, 2, 1, 3
o 3, 2, 1, 3, 4
o 4, 3, 2, 3, 1
o 4, 2, 3, 1, 3

Explanation:

In a recession, it starts with peak production. Then demand starts to fall, leading to falling production. As production falls, demand falls further and job - loss occurs. So the correct order is peak production first, followed by falling demand, then falling production, then another instance of falling demand and finally job loss.

Answer:

C. 4, 3, 2, 3, 1