What term describes a significant, prolonged economic decline with falling GDP? 👤 By The Quiz Wire ✅ Fact Checked 📊 Difficulty Medium 📅 Last Updated 01 Dec 2025 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
