Which of the following is a characteristic feature of economic contraction?
A) decreased unemployment rates
B) decreased consumer spending
C) increased income
D) increased employment
E) increased demand

Question

Quizplus · Accepted Answer

A)During an economic contraction, spending declines, employment drops, and the economy as a whole slows down.
B)During an economic contraction, spending declines, employment drops, and the economy as a whole slows down.
C)During an economic contraction, spending declines, employment drops, and the economy as a whole slows down.
D)During an economic contraction, spending declines, employment drops, and the economy as a whole slows down.
E)During an economic contraction, spending declines, employment drops, and the economy as a whole slows down.

Which of the Following Is a Characteristic Feature of Economic