Which of the Following Statements About the Recessions That Have

Multiple Choice

Which of the following statements about the recessions that have occurred over the past 50 years is true?

A) During a recession, the price level increases, and the rate of inflation declines.
B) The price level usually declines during a recession.
C) The rate of inflation usually increases during a recession.
D) The rate of inflation usually stays constant during a recession.
E) During a recession, both the price level and the rate of inflation decline.