When fewer goods are produced, workers are laid off, credit becomes difficult to obtain, and people cut back on their purchases even more, fearing unemployment. Eventually, this produces a distrust of the economy, resulting in , which is a decline in an economy's total production that lasts six months or longer.
a. a trough
b. recession
c. inflation
d. expansion
Question 2
Which of these is not one of the factors noted in the text for limiting the size of preindustrial cities?
a. crowded housing conditions and a lack of adequate sewage facilities
b. limited food supplies
c. difficulty of migrating to the cities
d. lack of a sense of community identity
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Average real hourly wages (2010 dollars) by education level, full-time workers aged 17 to 34 in 2011