Which of the following is a characteristic of economic depression?
A)Unemployment levels are almost low or absent.
B)Consumer spending is high.
C)Individuals' incomes increase at the same pace as rising prices.
D)Buying power of consumers is quadrupled.
E)Business output is sharply reduced.

Question

Quizplus · Accepted Answer

Economic depression is characterized by a significant reduction in business output, among other factors such as high unemployment and decreased consumer spending.

Which of the Following Is a Characteristic of Economic Depression