A period during which aggregate output falls is known as a(n)
A) recession.
B) inflation.
C) hyperinflation.
D) expansion.

Name: A period during which aggregate output falls is known as a(n) A) recession. B) inflation. C) hyperinflation. D) expansion.
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Question

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A period during which aggregate output falls is known as a recession. This can be characterized by a decline in various economic indicators such as Gross Domestic Product (GDP), employment rates, and consumer spending.

A Period During Which Aggregate Output Falls Is Known as A(n)