A period of significant decline in economic activity, marked by falling GDP, rising unemployment, and an increased number of bankruptcies, is called:
A. a severe depression.
B. a recession.
C. an expansion.
D. a boom.
Answer: B
A period of significant decline in economic activity, marked by falling GDP, rising unemployment, and an increased number of bankruptcies, is called:
A. a severe depression.
B. a recession.
C. an expansion.
D. a boom.
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