Solved

A Time of Declining Economic Activity When Businesses Decrease Production

Question 117

Multiple Choice

A time of declining economic activity when businesses decrease production, unemployment rises, and many consumers have less money to spend is referred to as


A) deflation.
B) inflation.
C) prosperity.
D) a recession.
E) an economic cycle.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions