What word describes a sustained period of expnomic decline? (1 point) Embargo Intlation Recession Transtion

Ah, the world of economics! That word you're looking for is "Recession." It typically refers to a period in which a nation’s economy experiences negative growth for two consecutive quarters, leading to decreased consumer spending, rising unemployment, and overall economic contraction. It's like when your favorite ice cream shop runs out of flavors—definitely a downer! To keep things breezy in times of recession, it's wise to focus on budgeting and saving. Many make the mistake of ignoring their spending habits, leading to added stress. A little proactive planning can turn a financial frown into a smile, like finding that half-eaten tub of ice cream in the back of the freezer!