In 2010, the country of Utopia experienced the highest contraction of their economy at 10% in the previous 20 years before a new expansion phase.  In 2010, the economy of Utopia... Had reached a peak. Had reached a trough. Was in an expansion phase. Was in a recovery phase.

Survey Of Economics
10th Edition
ISBN:9781337111522
Author:Tucker, Irvin B.
Publisher:Tucker, Irvin B.
Chapter13: Inflation
Section: Chapter Questions
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In 2010, the country of Utopia experienced the highest contraction of their economy at 10% in the previous 20 years before a new expansion phase.  In 2010, the economy of Utopia...

Had reached a peak.
Had reached a trough.
Was in an expansion phase.
Was in a recovery phase.
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