A severe and prolonged recession is called
A) a slump.
B) a stagnation.
C) a trough.
D) a depression.

Question

Quizplus · Accepted Answer

A severe and prolonged recession is referred to as a depression, as it is characterized by a sharp decline in economic activity, high levels of unemployment, and widespread hardship. Slump and trough are milder economic downturns, while stagnation indicates a lack of growth rather than a contraction.

A Severe and Prolonged Recession Is Called