Which of the following terms is used to define a time of slow economic activity with two consecutive periods of negative growth?
A)stagflation
B)inflation
C)deflation
D)recession

Question

Quizplus · Accepted Answer

A recession is a time of slow economic activity with two consecutive periods of negative growth.During recessions, production levels decline, unemployment levels rise, and many consumers have less money to spend.

Which of the Following Terms Is Used to Define a Time