riosjoseph164164
Answered

Find the best solutions to your questions at Westonci.ca, the premier Q&A platform with a community of knowledgeable experts. Connect with a community of professionals ready to provide precise solutions to your questions quickly and accurately. Explore comprehensive solutions to your questions from a wide range of professionals on our user-friendly platform.

A period of economic decline marked by falling GDP and rising unemployment for two consecutive quarters is a:

A. Depression
B. Contraction
C. Recession
D. Rough

Sagot :

GinnyAnswer

Final answer:

A recession is a temporary economic decline with falling GDP and increased unemployment for two quarters, not a depression.


Explanation:

Recession is a temporary contraction of the economy characterized by falling GDP and rising unemployment for two consecutive quarters, where there is no economic growth. It is officially declared by the National Bureau of Economic Research.


Learn more about Economic Recession here:

https://brainly.com/question/33708534


Thanks for stopping by. We are committed to providing the best answers for all your questions. See you again soon. Thank you for choosing our platform. We're dedicated to providing the best answers for all your questions. Visit us again. Stay curious and keep coming back to Westonci.ca for answers to all your burning questions.