A short, sharp contraction followed by rapid recovery is called which shaped recession?
AL-shaped
BW-shaped
CV-shaped
DU-shaped
Answer & Solution
Correct answer: C. V-shaped
A V-shaped recession is a short and sharp contraction followed by rapid and sustained recovery.
Keep practising Business Cycles
Browse all Business Cycles questions for CA Foundation, or explore more Business Economics topics.
Related questions
Double-dip recessions are described as which shape?A recession with GDP down by 10 percent, or lasting three or four years, is called:The UK and Canada define a recession as GDP falling for:A recession is best described as a business cycle:Compared with long-term trends, business cycles are usually seen as a:A one-off change such as a worker strike over a year or two is usually regarded as:Which years mark the Great Depression in the economic history of the West?The stability and growth of the 1980s and 1990s came to be called the: