A is a very severe recession that is usually accompanied by a decline in the average level of prices.
A)stagflation
B)retraction
C)depression
D)dissolution

Question

Quizplus · Accepted Answer

A depression is a severe and prolonged recession that can last for several years and is characterized by a significant decrease in economic activity, high unemployment rates, and a decline in prices. Stagflation refers to a situation where there is both inflation and high unemployment, while retraction is a general term for a contraction in economic activity. Dissolution is not a term commonly used to describe economic conditions.

A Is a Very Severe Recession That Is Usually Accompanied