A prolonged and deep recession is called
A) a business cycle.
B) a depression.
C) a stagflation.
D) hyperinflation.

Question

Quizplus · Accepted Answer

A prolonged and deep recession is commonly referred to as a depression. Option A, "business cycle," refers to the natural fluctuations in economic activity, including periods of growth and recession. Option C, "stagflation," refers to a situation where there is high inflation but low economic growth. Option D, "hyperinflation," refers to an extremely high rate of inflation, often exceeding 50% per month.

A Prolonged and Deep Recession Is Called