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11-02-2021
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PLZ HELP ME!!!! IM TIMED ON QUIZ!!!!
Which statement best describes a recession?

A) More people are unemployed, causing more competition for jobs.
B) The prices of goods make them too expensive for people to buy them easily.
C) People cannot afford to buy goods because competition leads to higher prices.
D) A large number of people are unemployed and have decreased spending power.

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11-02-2021

Answer:

D

Explanation:

In economics, a recession is a business cycle contraction when there is a general decline in economic activity. Recessions generally occur when there is a widespread drop in spending (an adverse demand shock).

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