During the "Recovery Phase" of an economic cycle, the following activities in the economy would likely occur: . . . (1) Rising production costs due in part to rising unit labor costs . . . (2) Prices fall on declining demand . . . (3) Wages and interest rates lag behind costs . . . (4) Inventory is reduced in order to meet high demand . . . (5) Business expenditures for inventory increase Select one: a. (1), (2), and (3) b. (2), (3) and (4) c. (2) and (5) d. (3) and (5) only e. (3), (4) and (5)