A short period of falling incomes and rising unemployment is called:
A)a business cycle
B)a boom
C)a recession
D)a depression

Question

Quizplus · Accepted Answer

A recession is a short period of economic decline characterized by falling incomes and rising unemployment. A business cycle refers to the fluctuation of the economy between periods of expansion (boom) and contraction (recession). A depression is a more severe and prolonged period of economic decline.

A Short Period of Falling Incomes and Rising Unemployment Is