ENTREPRENEURIAL PLANNING
BUSINESS PLAN DEVELOPMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which of the following economic conditions would be experienced in a recession?
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Increased production
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Rising unemployment
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Increase in sales and profits
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High levels of consumer spending
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Explanation:
Detailed explanation-1: -Cyclical unemployment is a type of unemployment caused by insufficient total spending (or by insufficient aggregate demand). It is unemployment caused by the recession phase of the business cycle.
Detailed explanation-2: -Indicated by weak output and rising unemployment rates A recession can be defined as a sustained period of weak or negative growth in real GDP (output) that is accompanied by a significant rise in the unemployment rate.
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