Author Question: A recession is a slowdown in the rate of economic growth that A) causes total income to fall even ... (Read 70 times)

jilianpiloj · **on:** Jun 29, 2018

A recession is a slowdown in the rate of economic growth that

A) causes total income to fall even though total output has not declined.
B) is unintended and therefore disappoints people's expectations.
C) lowers the nominal level of gross domestic product.
D) persists longer than one year.
E) results in fewer people being employed.

Question 2

Recession is the opposite of

A) economic growth.
B) economic decay.
C) stagflation.
D) inflation.
E) deflation.