An economic recession refers to __________.
A.

a long period of economic growth
B.

a sustained decline in economic output
C.

a governmental policy of printing more money
D.

a short period of booming economic growth and prosperity

Answers

Answer 1

Answer:

I say C

Explanation:

A recession is a significant decline in economic activity spread across the economy, lasting more than a few months, normally visible in real GDP, real income, employment, industrial production, and wholesale-retail sales. ... Between trough and peak, the economy is in an expansion.

Answer 2

An economic recession refers to a sustained decline in economic output. Thus, the correct answer is option B.

What is economic recession?

A recession is a business cycle contraction that occurs when there is a general decline in economic activity. Recessions typically occur when consumer spending falls dramatically.

A financial crisis, an external trade shock, an adverse supply shock, the bursting of an economic bubble, or a large-scale anthropogenic or natural disaster may all trigger recession.

Governments respond to recessions by enacting expansionary macroeconomic policies, such as increasing the money supply and lowering interest rates, or increasing government spending while lowering taxation.

Therefore, a sustained decline in economic output is referred to an economic recession.

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Related Questions

According to the map, how did the Nile River help Egyptians trade?

The Nile River connected Egypt to the Euphrates River trade routes.
Egypt bartered goods along African trade routes on the Tigris River.
Egypt used the Nile River to barter goods along African trade routes.
The Nile River flowed through Asia giving access to European trade routes

Answers

Answer:

Egypt was tradin through that route becuase the other routs took longer or were dangrouse and they never took time to look around there city

Explanation:

An example of a Primary Source is a letter during the time of the Civil War.
True
False

Answers

This would be true!
Hope this helps!

Answer:

true.

Explanation:

it came from the time period the event happened

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