Learning Path
Question & Answer1
Understand Question2
Review Options3
Learn Explanation4
Explore TopicChoose the Best Answer
A
A period of economic growth
B
A sustained period of declining economic activity
C
An increase in employment rates
D
A rise in consumer spending
Understanding the Answer
Let's break down why this is correct
Answer
A recession is a period when the economy slows down, meaning that many businesses make less money, and people may lose their jobs. This happens when there is less spending by consumers and businesses, leading to lower production and investment. For example, if a lot of people stop buying new cars, car manufacturers might have to cut back on making cars, which could lead to layoffs. During a recession, people often save money instead of spending it, which can make the situation worse. Overall, a recession is a time when the economy is not growing as it should, affecting many people's lives.
Detailed Explanation
A recession happens when the economy is not doing well for a long time. Other options are incorrect because Some might think a recession means the economy is growing; It's easy to confuse a recession with more jobs.
Key Concepts
recession
Topic
Explaining Economic Changes
Difficulty
easy level question
Cognitive Level
understand
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