The Nation of Florentina Is in the Midst of a Serious

Multiple Choice

The nation of Florentina is in the midst of a serious economic downturn.The nation's GDP has declined steadily for over five years and is now at its lowest level in over fifty years.Florentina's unemployment rate is at an all time high and the nation's CPI is falling.Florentina's economic condition is referred to as a:

A) Period of stagflation.
B) Balance of trade deficit.
C) Depression.
D) Retraction.