Imagine that the unemployment rate increases to record levels. The economy is in
a. recession.
b. expansion.
c. a peak.
d. a summit.

The best and most correct answer among the choices provided by your question is the first choice or letter A.

The economy is in a recession when unemployment rate increases to record levels.

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AwesomeHelloKitty AwesomeHelloKitty · Answer 2 · 2018-10-24T02:15:24+02:00

AwesomeHelloKitty AwesomeHelloKitty

24-10-2018

If your tests lists an answer as contraction then that is the correct answer too because a recession is also known as a prolonged economic contraction. A contraction is period of economic decline with falling real GDP.

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Imagine that the unemployment rate increases to record levels. The economy is in a. recession. b. expansion. c. a peak. d. a summit.

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Imagine that the unemployment rate increases to record levels. The economy is in
a. recession.
b. expansion.
c. a peak.
d. a summit.