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31 January, 21:18

A prolonged economic contraction is called

A. an economic trough.

B. a recession.

C. an economic peak.

D. an expansion.

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Answers (1)
  1. 31 January, 22:46
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    A prolonged economic contraction is called a recession. The correct option among all the options that are given in the question is the second option or option "B". Recession is a huge downturn in the economy that lasts for more than a few months. It has a great effect on the industrial production, income, employment etc.
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