Ask Question
BusinessBusiness
24 August, 05:43

A recession is a decline in: The inflation rate that lasts six months or longer. The unemployment rate that lasts six months or longer. Real GDP that lasts six months or longer. Potential GDP that lasts six months or longer.

+3
Answers (2)
  1. 24 August, 07:05
    0
    Real GDP that lasts six months or longer.

    Explanation:

    Recession can be defined as a period of great reduction in economic activities. A momentous reduction in spending can lead to a Recession. Recession can have a negative effect on the economy such as a high level of unemployment.

    Recession could be as a result of:

    - High interest rate.

    - Increase in oil prices

    - Crash of stock market.

    - Effect of war or a great pandemic.

    - Deflation.
  2. 24 August, 08:05
    0
    The answer is a decline in Real GDP that lasts six months or longer.

    Explanation:

    A recession is a significant decline in economic activity, lasting six month or more.

    when there is recession, there's a drop in the following five economic indicators: real gross domestic product, income, employment, manufacturing, and retail sales.

    Hence, option b is the correct answer
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “A recession is a decline in: The inflation rate that lasts six months or longer. The unemployment rate that lasts six months or longer. ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Burger buddies restaurant chain is attempting to bring back their fried fish sandwich. It is an old favorite, but in recent times has lost its popularity with customers.
Answers (1)
Study the following transactions. Journalize the transactions in a two-column journal, using the appropriate number to identify the transactions. 1. Billed customers for fees earned, $55,330. 2. Purchased supplies on account, $2,380. 3.
Answers (1)
Other things the same, when the government spends more, the initial effect is that a. aggregate demand shifts right. b. aggregate demand shifts left. c. aggregate supply shifts right. d. aggregate supply shifts left.
Answers (1)
Bondholders are the owners of the corporation. true or false.
Answers (1)
Harris Fabrics computes its plantwide predetermined overhead rate annually on the basis of direct labor-hours. At the beginning of the year, it estimated that 26,000 direct labor-hours would be required for the period's estimated level of production.
Answers (1)
New Questions in Business
Acme Foods wants to make its chips saltier, but it doesn't want to spend more than it has to on salt. A sample of consumers are asked to compare its current chip (saltiness = 100) with saltier versions and to say whether the new version is saltier.
Answers (1)
Which of the following comparisons best isolates the impact of a change in activity on performance?
Answers (1)
If an investor anticipates an annual rental income from a leased property to be $400,000 dollars, this expected sum has a direct bearing on what the investor will pay for the property. This is an example of
Answers (1)
In comparison to industry averages, Okra Corp. has a low inventory turnover, a high current ratio, and an average quick ratio. Which of the following would be the most reasonable inference about Okra Corp.? A. Its current liabilities are too low. B.
Answers (2)
The individual with the highest valuation of the good will win in which of the following auctions? A. Sealed Bid Auction B. English Auction C. Dutch Auction D. All of the above.
Answers (1)
Home » Business » A recession is a decline in: The inflation rate that lasts six months or longer. The unemployment rate that lasts six months or longer. Real GDP that lasts six months or longer. Potential GDP that lasts six months or longer.
Sign Up Forgot Password?