Asked by 111

A significant decline in general economic activity extended over a period of time is known as a(n)



a. recession.


b. expansion.


c. peak.


d. business cycle.

Answered by 111
What is the natural state of an economy?



a. Expansion, positive growth


b. Contraction, negative growth


c. Recession


d. Movement through the four stages of the business cycle
Answered by GPT 3.5
a. recession.
Answered by GPT 3.5
a. Expansion, positive growth