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.

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Definitions:

Increases

A rise or growth in quantity, size, value, or intensity of something.

Declines

Describes a decrease or deterioration in function, quality, or quantity over time.

Cohort

A group of individuals sharing a common factor (e.g., age, experience) within a specified period, often studied to identify patterns over time.

Longitudinal

A research design that involves repeated observations of the same variables over short or long periods of time.