Which of the Following Decreases During Recessions?​

question 148

Multiple Choice

Which of the following decreases during recessions?​

• A)​real GDP
• B)​unemployment
• C)​layoffs and consumer spending
• D)​layoffs but not consumer spending

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Definitions:

Assignee

A party to whom a right or property is legally transferred.

Loan Payments

Regular payments made towards settling a loan, typically consisting of both principal and interest components.

Workers' Compensation

A form of insurance providing wage replacement and medical benefits to employees injured in the course of employment.

Statute Prohibits

A legal term indicating that a specific action or practice is forbidden by statutory law or legislation.