Which of the following is most closely related to recessions?
A) positive long-run economic growth
B) rapid growth in the price level
C) falling rates of unemployment
D) negative real growth in output

Question

Quizplus · Accepted Answer

Recessions are characterized by negative real growth in output, which means that an economy is producing less than it previously did. A recession does not necessarily imply a rapid growth in the price level or falling rates of unemployment, and it is not directly related to positive long-run economic growth.

Which of the Following Is Most Closely Related to Recessions