A Time of Declining Economic Activity When Businesses Decrease Production,unemployment

question 179

Multiple Choice

A time of declining economic activity when businesses decrease production,unemployment rises,and many consumers have less money to spend is referred to as

• A)deflation.
• B)inflation.
• C)prosperity.
• D)a recession.
• E)a depression.

---

Definitions:

21st Century

The current century, spanning from the year 2001 to 2100, characterized by significant technological, social, and environmental changes.

Approaches to Studying

Various methods or strategies used by individuals to learn and understand new information effectively.

Control

The process of regulating organizational activities to make them consistent with the expectations established in plans, targets, and standards of performance.

Centralization of Power

The concentration of authority and decision-making autonomy in a small group or a central location within an organization or system.