A period of economic activity characterized by negative growth, which reduces demand for goods and services is called a(n):
a. recession
b. parity
c. price escalation
d. inflation
e. stagnation
Answer: A
A period of economic activity characterized by negative growth, which reduces demand for goods and services is called a(n):
a. recession
b. parity
c. price escalation
d. inflation
e. stagnation
Answer: A