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:

Parental Responsibility

The legal term for the duties, powers, responsibilities, and authority that most parents have in relation to their children, covering their care, property, and education.

Negligent

An individual or entity's failure to take reasonable care, resulting in harm or damage to others.

Mortgage Agreement

is a legal contract between a borrower and lender that outlines the terms and conditions of a loan used to purchase property, with the property acting as security for the loan.

Age of Majority

The legally determined age at which an individual is considered an adult and capable of making legal decisions and responsibilities.