What is true about a recession?
A) It can be concentrated only in a single geographic area, but must be widespread across many sectors of the economy.
B) It must be a significant decline in economic activity for at least three years in a row.
C) It is a significant decline in economic activity lasting more than a few months and must be widespread geographically.
D) None of these answers is correct.

Question

Quizplus · Accepted Answer

A recession is a significant decline in economic activity that lasts more than a few months and is widespread geographically. It does not necessarily have to last for three years in a row, and while it may be concentrated in a specific area, it also affects many sectors of the economy.

What Is True About a Recession