When, over a sustained period of time, the growth of aggregate business activity falls below what is considered the normal growth rate, the economy necessarily experiences
A) inflation.
B) deflation.
C) an expansion.
D) a recession.

Question

Quizplus · Accepted Answer

When the growth of aggregate business activity falls below what is considered the normal growth rate, the economy experiences a slowdown or contraction, which is referred to as a recession.

When, Over a Sustained Period of Time, the Growth of Aggregate