Depression is a drastic decline in a national or international economy. It's characteristic is_____________?
Correct answer: D. All of these
- A. Decreasing business activity
- B. Falling prices
- C. Unemployment
- D. All of these
Explanation
A depression is a severe and prolonged contraction in economic activity, typically involving falling prices, declining business activity, and high unemployment. These are complementary characteristics, so all the listed effects apply.
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