answersLogoWhite

0


Best Answer

A recession is a period of economic decline characterized by a decrease in GDP for two consecutive quarters. It is typically marked by a rise in unemployment, lower consumer spending, and reduced business investment. Governments and central banks often implement measures to try to mitigate the negative effects of a recession on the economy.

User Avatar

AnswerBot

6mo ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: What is a resesion?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Continue Learning about Natural Sciences