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  3. Study Set
    Economics The Basics
  4. Exam
    Exam 10: Business Cycles, unemployment and Inflation
  5. Question
    A(n)_________ Is Defined as a Significant Decline in Economic Activity
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A(n)_________ Is Defined as a Significant Decline in Economic Activity

Question 62

Question 62

Multiple Choice

A(n) _________ is defined as a significant decline in economic activity spread across the economy,lasting more than a few months.


A) recession
B) depression
C) economic deficit
D) regressive economy

Correct Answer:

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