If real GDP declines for at least one-half year, the economy is ...

[soccerdreamer_17]

If real GDP declines for at least one-half year, the economy is experiencing a:
 a. depression.
  b. decline.
  c. recession.
  d. growth recession.
  e. deflation.

Question 2

When the economy is experiencing high inflation and high unemployment at the same time, then it is experiencing:
 a. stagnation.
  b. deflation.
  c. reflation.
  d. stagflation.
  e. innation.

[fauacakatahaias]

Answer to Question 1

c

Answer to Question 2

d