Recession is

A. slowing down of economic activity over a limited period

B. period that results from accumulation of unsold goods, owing to fall in demand

C. period during which unemployment may rise and demand and output may fall, leading to slump in trade

D. All of the above

Answer: Option D

Solution(By Examveda Team)

Recession is slowing down of economic activity over a limited period, period that results from accumulation of unsold goods, owing to fall in demand and period during which unemployment may rise and demand and output may fall, leading to slump in trade.