Occasionally,the economy will dip into a trough before it has reached a new peak after a previous trough.This phenomenon is called a
A)depression.
B)recession.
C)double dip recession.
D)stagflation.

Question

Quizplus · Accepted Answer

A double dip recession occurs when the economy experiences a recessionary period, then briefly recovers before dipping back down into another recession before reaching its previous peak. This is characterized by a "W" shaped graph in which there are two troughs before the economy reaches a new peak.

Occasionally,the Economy Will Dip into a Trough Before It Has