The U.S. economy is experiencing falling output, falling employment, falling incomes and rising unemployment. These conditions best describe a business cycle_{--------------------} . A)recession B)expansion C)peak D)trough E)trend

Question

Quizplus · Accepted Answer

A recession is characterized by falling output, employment, and incomes, along with rising unemployment.

The US Economy Is Experiencing Falling Output, Falling Employment, Falling Incomes