Which of the following statements about the effects of an economic recession is true?
A)An increase in the standard of living
B)A decrease in unemployment
C)An increase in the expenditure on luxury goods
D)A decrease in the value of retirement accounts
E)An increase in the value of insurance purchased

Question

Quizplus · Accepted Answer

During an economic recession, the value of investments, including those in retirement accounts, often decreases due to lower market confidence and reduced economic activity. This leads to a decrease in the value of retirement accounts as stock markets and other investment vehicles perform poorly.

Which of the Following Statements About the Effects of an Economic