Multiple Choice
A recession:
A) occurs when personal incomes increase at a faster rate than price levels.
B) is a period of economic cutbacks for businesses and consumers.
C) is a period of economic growth.
D) is the period during which the economy is moving from recovery to prosperity.
E) occurs when price levels increase at a faster rate than personal incomes.
Correct Answer:

Verified
Correct Answer:
Verified
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