A growth recession is said to occur when the economy grows at a
A)Rate less than that of population.
B)Rate less than the long-term average.
C)Slower rate in the current year than the preceding year.
D)Negative rate.

Question

Quizplus · Accepted Answer

A growth recession occurs when the economy still grows but at a rate below its long-term average. This means that there is still growth, but it is slower than what is expected or needed to keep up with the demands of the population and the economy. A growth recession is different from an actual recession, which occurs when the economy experiences negative growth or shrinkage.

A Growth Recession Is Said to Occur When the Economy