riosjoseph164164 riosjoseph164164

12-06-2024
Geography

Answered

A period of economic decline marked by falling GDP and rising unemployment for two consecutive quarters is a:

A. Depression
B. Contraction
C. Recession
D. Rough

Answer :

GinnyAnswer GinnyAnswer

12-06-2024

Final answer:

A recession is a temporary economic decline with falling GDP and increased unemployment for two quarters, not a depression.

Explanation:

Recession is a temporary contraction of the economy characterized by falling GDP and rising unemployment for two consecutive quarters, where there is no economic growth. It is officially declared by the National Bureau of Economic Research.

Learn more about Economic Recession here:

https://brainly.com/question/33708534

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