A recession is always associated with

Question

Quizplus · Accepted Answer

A recession is defined as a significant decline in the economy's total output of goods and services, which is measured by real GDP. Therefore, choice A (declining real GDP) is the only correct answer. Choice B (slow but positive growth of real GDP) is not consistent with the definition of a recession. Choice C (rising inflation) is not necessarily associated with a recession and may occur during periods of economic growth. Choice D (the end of a war) is also not necessarily associated with a recession and does not have a direct impact on the economy's output.

A Recession Is Always Associated with