Question

What is the best definition of the term recession?

a time when net imports are greater than net exports
a time when net imports are greater than net exports

a period of decline in overall income and employment
a period of decline in overall income and employment

a time when GDP per capita rises overall
a time when GDP per capita rises overall

a period of heightened government spending

Answers

Answered by GPT 3.5
a period of decline in overall income and employment
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