Which economic situation exists when there are two consecutive quarters (six months) of negative economic growth?
A.
budget surplus
B.
current account deficit
C.
inflation
D.
recession
Exam No:0455_w21_qp_13 Year:2021 Question No:16
Answer:
D
Knowledge points:
4.6.3 causes and consequences of recession:Meaning of recession and how a recession moves the economy within its PPC. How changes in total demand may increase the utilisation of resources and GDP – resulting in a movement from inside toward the PPC.
Solution:
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