GENERAL KNOWLEDGE

Detailed explanation-1: -Which one of the following is known as the recession occurring two times with a small gap in between? A “double-dip recession” is also referred to as a “W-shaped” recession.

Detailed explanation-2: -Double-dip recessions are rare. There are only two modern examples of a double-dip recession for the United States: the recession of 1937-1938 and the recession of 1981-1982. They both had the common attribute of resulting from a change in economic policy.

Detailed explanation-3: -The Double Dip of 1937 The U.S. economy began to recover from the Great Depression in 1933. For the next three years, unemployment fell from 25% to 14%, and the economy grew at an annual rate of 9%.