A severe and prolonged recessionary phase of a business cycle is sometimes described as
A)an inverted peak.
B)a trough.
C)a recession.
D)a depression.

Name: A severe and prolonged recessionary phase of a business cycle is sometimes described as A)an inverted peak. B)a trough. C)a recession. D)a depression.
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Question

Quizplus · Accepted Answer

A severe and prolonged recessionary phase is called a depression, which is characterized by high unemployment, low economic output, and a lack of consumer confidence.

A Severe and Prolonged Recessionary Phase of a Business Cycle