Answer to Question #75686 in Macroeconomics for Kya

Question

Recession come at( which decline in spending is larger)

Answer 1

In economics, a recession is a business cycle contraction which results in a general slowdown in economic activity. Macroeconomic indicators such as GDP (gross domestic product), investment spending, capacity utilization, household income, business profits, and inflation fall, while bankruptcies and the unemployment rate rise. In the United Kingdom, it is defined as a negative economic growth for two consecutive quarters.
Source:
https://en.wikipedia.org/wiki/Recession