Recessions are typically characterized by declines in the average income, because of this we can argue that a typical recession will negatively impact all producers of consumer goods.

A. True
B. False

Recessions are periods of economic cycles characterized by a constant decline in economic growth. Usually, the fall of the Gross Domestic Product (GDP) of a country for two consecutive quarters determines a recession. Recessions are characterized by increase in the rate of unemployment, a decrease in the real disposable income of average consumer which brings a drop in industrial and consumer product manufacturing, and the fall of overall retail sales.

Recessions are typically characterized by declines in the average income, because of this we can argue that a typical recession will negatively impact all producers of consumer goods. A. True B. False

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Recessions are typically characterized by declines in the average income, because of this we can argue that a typical recession will negatively impact all producers of consumer goods.

A. True
B. False