Race's, a high-end apparel company in Brentwood, a European country, cuts back on production as consumers start turning to basic products such as hygiene products because of an economic downturn in the country. The company also lays off many of its employees to further cut down expenses. In the context of the business cycle, Race's is most likely going through a period of _____. a. economic integration b. economic contraction c. economic recovery d. economic expansion