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What is the name of the period when an economy begins to shrink? recession depression recovery peak.

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Answer:

the answer would be A: recession

Explanation:

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Akposevictoridn

The name of the period when an economy begins to shrink is called: recession.

What is Recession?

Recession is a period characterized by economic contraction, where most businesses in an economy experience less demand and huge loss of money.

During recession, there is usually higher levels of unemployment as companies find ways to cut costs and reduce losses.

Therefore, the name of the period when an economy begins to shrink is called: recession.

Learn more about recession on:

https://brainly.com/question/1417711

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