A long-term period of economic recession that leads to a low GDP and very
high unemployment is a(n)

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04-06-2021
Business

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A long-term period of economic recession that leads to a low GDP and very
high unemployment is a(n)

Sagot :

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Baraqidn Baraqidn · Answer 1 · 2021-06-08T20:14:59-04:00

Answer:

Depression

Explanation:

A long-term period of the economic recession that leads to a low GDP and very high unemployment is a(n) DEPRESSION

Depression is an economic term used to describe a deep tumble in an economy that occurs for a long period of more than six months. Depression lasts for years, and it is characterized by low real GDP and an awfully high level of unemployment.

Hence, in this case, the right answer is Depression.

Sagot :

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