Slump, downturn and contraction are all words for a(n)
A) hyperinflation.
B) stagflation.
C) expansion.
D) recession.

Question

Quizplus · Accepted Answer

Slump, downturn and contraction all refer to a period of economic decline, which is known as a recession. Option A, hyperinflation, refers to a period of extremely high inflation and option B, stagflation, refers to a period of both high inflation and stagnant economic growth. Option C, expansion, refers to a period of economic growth.

Slump, Downturn and Contraction Are All Words for A(n)