A time of declining economic activity when businesses decrease production, unemployment rises, and many consumers have less money to spend is referred to as
A) deflation.
B) inflation.
C) prosperity.
D) a recession.
E) an economic cycle.

Question

Quizplus · Accepted Answer

A recession is a period of declining economic activity characterized by reduced production, rising unemployment, and decreased consumer spending.

A Time of Declining Economic Activity When Businesses Decrease Production