During the recovery or the upturn period of the business cycle, the following will happen EXCEPT

Question

BlackTom AI · Accepted Answer

The recovery phase is characterized by increasing aggregate demand, which drives higher output and lower cyclical unemployment.

1. Relevant knowledge points and concepts
- Business cycle stages: trough → recovery/upturn → expansion → peak → contraction. Recovery/upturn follows a trough.
- Aggregate demand (AD) and aggregate supply (AS) model: an outward/rightward shift in AD raises real GDP (total output) and the price level in the short run.
- Cyclical unemployment: unemployment caused by insufficient aggregate demand; when AD rises, cyclical unemployment falls (Okun’s relationship).

2. Step-by-step reasoning
- Start at a trough: economy operating below potential with low AD, depressed output, and high cyclical unemployment.
- During recovery, factors such as rising consumer confidence, increasing investment, expansionary fiscal/monetary policy, or export growth increase AD (AD shifts right).
- AD ↑ → firms respond by increasing production to meet higher demand → total output (real GDP) rises.
- Higher production requires more labor, so cyclical unemployment declines as unemployed workers are rehired.
- Therefore, logically, the recovery features rising AD, rising total output, and falling cyclical unemployment.

3. Intermediate logic (no numeric calculation required)
- AD change direction determines output and unemployment trends: AD up implies output up and cyclical unemployment down. The opposite (falling AD) would deepen a recession, not a recovery.

4. Why the correct answer is correct
- "Falling aggregate demand" contradicts the defining mechanism of a recovery. If AD were falling, the economy would move toward contraction, not recovery. Hence this is the exception.

5. Why the other options are incorrect
- "Rising total output" — correct for recovery (since AD ↑ leads to higher GDP).
- "Falling cyclical unemployment" — correct (more output → more employment).
- "Rising aggregate demand" — correct and is the causal feature of recovery.

Conclusion: The only statement that does not occur during recovery is falling aggregate demand, confirming the provided answer: falling aggregate demand.

During the recovery or the upturn period of the business cycle, the following will happen EXCEPT单项选择题

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