Multiple Choice
The term ________ is defined as having two consecutive quarters of decline in the country's gross domestic product.
A) deflation
B) stagnation
C) depression
D) stagflation
E) recession
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q60: In practice,no economy is truly a free-market
Q61: _ taxes are levied on earnings of
Q62: When a downward swing or recession is
Q63: _ taxes,levied on retail purchases made by
Q64: The point at which the demand and
Q66: The study of a country's larger economic
Q67: The _ depicts the relationship between prices
Q68: How does capitalism promote monopolistic competition in
Q69: Which of the following types of unemployment
Q70: GDP considers who is responsible for the