Question

Which of the following is correct? Use letters in alphabetical order to select options

Answer 1

Answer:

The correct answer is letter "A": Sometimes recessions are close together.

Explanation:

Recessions are downturn economic periods that are declared after two consecutive quarters with negative results. Recessions are not necessarily long-term periods. They sometimes are two consecutive slowdowns in the overall economy that last six months that later are followed by an uptrend. In some other cases, it takes years until there is a sign of recovery. For instance, in the U.S. during the '70s and '80s, there were two consecutive recession periods.