choose the characteristics of the recession phase. (check all that apply) \n□ gdp growth slows for two or…

choose the characteristics of the recession phase. (check all that apply) \n□ gdp growth slows for two or more quarters\n□ aids are high\n□ the economy slows down\n□ unemployment begins to rise\n□ assembly lowers production of goods and services

choose the characteristics of the recession phase. (check all that apply) \n□ gdp growth slows for two or more quarters\n□ aids are high\n□ the economy slows down\n□ unemployment begins to rise\n□ assembly lowers production of goods and services

Answer

Brief Explanations:

Recession is characterized by economic slow - down. GDP growth slowing for two or more quarters indicates reduced economic activity. Unemployment rises as production in goods and services sectors decreases. Inflation is typically low during recession as demand is weak.

Answer:

A. Unemployment begins to rise B. The economy slows down C. GDP growth slows for two or more quarters D. Decrease in production of goods and services