A piano manufacturing company has experienced two quarters of
declining sales and has had to lay off employees. Suppliers are also
seeing reduced orders. What does this trend suggest about the overall
state of the economy?

Question

A piano manufacturing company has experienced two quarters of 
declining sales and has had to lay off employees. Suppliers are also 
seeing reduced orders. What does this trend suggest about the overall 
state of the economy?

Answer

The economy may be contracting, affecting multiple industries

Answer

The economy is stabilizing after a downturn

Answer

The economy is entering a phase of rapid growth

Answer

The economy is at its strongest point

Crowdly

A piano manufacturing company has experienced two quarters of declining sales a...

Want instant access to all verified answers on learn.saylor.org?