A recession is a period during which
A)aggregate demand, production, and unemployment rise.
B)aggregate demand, production, and unemployment fall.
C)aggregate demand, production, and unemployment remain the same.
D)aggregate demand and production rise while unemployment remains the same.
E)aggregate demand and production fall while unemployment rises.

Question

Quizplus · Accepted Answer

A recession is characterized by a decrease in aggregate demand and production, leading to an increase in unemployment.

A Recession Is a Period During Which