A decline in business activity is called
A) a recession.
B) a trough.
C) an expansion.
D) a peak.

Name: A decline in business activity is called A) a recession. B) a trough. C) an expansion. D) a peak.
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Question

Quizplus · Accepted Answer

A decline in business activity is commonly referred to as a recession. It is characterized by a decrease in economic growth, spending, and production over two successive quarters.

A Decline in Business Activity Is Called