Which term refers to a short period of falling incomes and rising unemployment?
A) depression
B) recession
C) stagflation
D) sticky wages

Question

Quizplus · Accepted Answer

A recession refers to a short period of economic decline, characterized by falling incomes, production, and employment. This is usually accompanied by a decline in consumer and business confidence, and a general slowdown in economic activity.

Which Term Refers to a Short Period of Falling Incomes