Which of the following is true of a recessionary period?
A) It is usually accompanied by an improvement in the value of an economy's currency.
B) It is usually accompanied by low levels of unemployment.
C) It is usually accompanied by a dramatic decline in the stock of inventories.
D) It usually lasts for a few months.
E) It leads to a drastic decline in government spending.

Question

Quizplus · Accepted Answer

Recessions typically last for a few months, as they are defined by a decline in economic activity across the economy that lasts more than a few months.

Which of the Following Is True of a Recessionary Period