When the economy shrinks for two consecutive quarters what term is used to describe it?
A)Depression
B)Recession
C)Reduction
D)Compression
E)Contraction

Name: When the economy shrinks for two consecutive quarters what term is used to describe it? A)Depression B)Recession C)Reduction D)Compression E)Contraction
Brand: Quizplus
Rating: 4.7 (38 reviews)

Question

Quizplus · Accepted Answer

A recession is defined as a period of economic decline during which trade and industrial activity are reduced, generally identified by a fall in GDP in two successive quarters.

When the Economy Shrinks for Two Consecutive Quarters What Term