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:

Verified
Correct Answer:
Verified
Related Questions
Q56: How can fighting inflation cause a recession?<br>A)
Q57: Frictional unemployment occurs when<br>A) employees file grievances
Q58: The Congressional Budget Office estimated that the
Q59: Recessions are always caused by negative demand
Q60: The potential growth rate is sometimes also
Q61: Negative supply shifts may lead to<br>A) excess
Q63: The rate at which potential GDP rises
Q64: What are the definition and purpose of
Q65: What is one potential effect of very
Q66: The NAIRU is a key indicator of