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Author Question: A period when the economy shrinks is known as (Read 4 times)

melly21297

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Question 1

A period during which aggregate output rises is known as a(n)


◦ recession.
◦ inflation.
◦ hyperinflation.
◦ expansion.

Question 2

A period when the economy shrinks is known as


◦ a recession.
◦ a contraction.
◦ a slump.
◦ All of these.


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Marked as best answer by melly21297 on Apr 19, 2019

emsimon14

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melly21297

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Reply 2 on: Apr 19, 2019
Thanks for the timely response, appreciate it


softEldritch

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

 

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