What term describes a significant, prolonged economic decline with falling GDP? By Rabia Anum ✅ Fact Checked 📊 Difficulty Medium 📅 Last Updated 13 Aug 2026 A. Inflationary Spiral B. Stagflation C. Recession D. Deflationary Period Check Answer 💡 Explanation: A recession is widely defined as two consecutive quarters of declining real GDP. 📚 Topics: Business and Economics Economics 🎯 Exams: CSS GEN NTS PMS
