Which of the following statements are true about recession?

Business

1 answer:

timofeeve [1]2 years ago

4 0

The TRUE statements about recession are as follows:

a. After a recession, the rate of change in government spending tends to increase, which leads to an increase in the real GDP.

c. During a recession, the rate of change in government spending tends to increase, which leads to an increase in the real GDP.

<h3>What are recessions?</h3>

Recessions are significant declines in economic activities. They are felt greatly in real GDP, income, and employment.

Recessions are characterized by many business and bank failures, slow or negative growth in productive activities, and elevated unemployment.

Thus, the true statements about recessions are <u>Options A and C</u>.

Learn more about recessions at brainly.com/question/532515

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