A Particularly Severe Recession Is Called A(n)

question 86

Multiple Choice

A particularly severe recession is called a(n) :

• A)super recession.
• B)lull.
• C)growth recession.
• D)depression.

---

Definitions:

Total Revenue

The total receipts from sales of goods and services to customers; it is the unit price times the quantity of goods or services sold.

Quantity Demanded

The total amount of a good or service that consumers are willing and able to purchase at a given price level.

Price Elasticity

A metric evaluating the sensitivity of the amount of a good purchased to price fluctuations.

Demand Curve

A graph showing the relationship between the price of a product and the quantity of the product that consumers are willing to purchase.