Which of the following best describes the beginning of a recession?
A)Production and unemployment both rise.
B)Production rises and unemployment falls.
C)Production falls and unemployment rises.
D)Production and unemployment both fall.

Question

Quizplus · Accepted Answer

A recession is typically characterized by a decrease in economic activity. This is reflected in a decline in production or gross domestic product (GDP) and an increase in unemployment. Choice C is the only option where production falls and unemployment rises, indicating the beginning of a recession.

Which of the Following Best Describes the Beginning of a Recession