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

Question

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

Quizplus · Accepted Answer

A double dip recession occurs when an economy briefly recovers from a recession but then experiences another downturn before it fully recovers to the previous peak. It is characterized by a dip in economic activity, followed by a short-lived recovery, then another dip. It is also known as a W-shaped recovery, as the graph of economic activity resembles the letter W.

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