A country's economy has been struggling. Many companies have gone out of business, and many of their former workers are unemployed. Banks have
been unwilling to offer loans to people and businesses that want them.
However, several major companies are preparing to start hiring and launching
major products. Economists project that the economy will begin growing
again very soon.
Which phase of the business cycle best describes the country in this
scenario?
A. Expansion
B. Contraction
C. Peak
D. Trough