Economic recession is characterized by all of the following except
a) Decline in investment, employment
b) Increase in the price of inputs due to increased demand for inputs
c) Investor confidence is decreases
d) Demand for goods, services decline
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Answer:
c) Investor confidence decreases
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Answer:
The correct answer to this question is to increase the price of inputs due to increased demand for inputs.
Explanation:
Given - Economic recession is characterized.
To Find - Choose the correct option of Economic recession is characterized
Economic recession is characterized by all of the following except the increase in the price of inputs due to increased demand for inputs.
A recession, according to the website, is defined as a large drop in economic activity that affects the whole economy and lasts more than a few months. This reduction is often reflected in real GDP, real income, employment, industrial production, and wholesale-retail sales.
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