13. choose the characteristics of the recession phase. (check all that apply) the economy slows down gdp…

13. choose the characteristics of the recession phase. (check all that apply) the economy slows down gdp growth slows for two or more quarters profits are high unemployment begins to rise businesses lower production of goods and services

13. choose the characteristics of the recession phase. (check all that apply) the economy slows down gdp growth slows for two or more quarters profits are high unemployment begins to rise businesses lower production of goods and services

Answer

Brief Explanations:

During a recession, economic activity contracts. GDP growth slows for two or more quarters as the economy slows down. Businesses face reduced demand, lower production, and profits decline. Unemployment rises as companies cut jobs. High - profits are not a characteristic of a recession.

Answer:

The economy slows down GDP growth slows for two or more quarters Unemployment begins to rise Businesses lower production of goods and services