12. A period of temporary economic decline during which trade and industrial activity are reduced generally identified by a fall in gross domestic product (GDP) Recession Market economy

Question

12. A period of temporary economic decline during which trade and industrial activity are reduced generally identified by a fall in gross domestic product (GDP) Recession Market economy

Answer 1

The correct answer is Recession.A recession is a period of temporary economic decline during which trade and industrial activity are reduced, generally identified by a fall in gross domestic product (GDP). It is a significant decline in economic activity spread across the economy, lasting more than a few months, normally visible in real GDP, real income, employment, industrial production, and wholesale-retail sales.

Problemas

12. A period of temporary economic decline during which trade and industrial activity are reduced generally identified by a fall in gross domestic product (GDP) Recession Market economy

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