Deal of The Day! Hurry Up, Grab the Special Discount - Save 25% - Ends In 00:00:00 Coupon code: SAVE25
Welcome to Pass4Success

- Free Preparation Discussions

American Bankers Association CTFA Exam - Topic 4 Question 48 Discussion

Posted by Janey on May 27, 2023 at 05:43 AM

The phase of the economic cycle when levels of employment and production are low and economic growth is at a virtual standstill or even negative is called:

Suggested Answer: B

Get Premium CTFA Questions as Interactive Web-Based Practice Test or PDF Real Exam Format Detailed Explanations Instant Access Get Your Practice Test
31 comments · newest first
IV
Ivory 11 months ago
Yeah, recession fits the description perfectly.
AL
Alaine 11 months ago
Wait, are we sure it's not just a temporary dip?
TH
Thea 12 months ago
Recession is the right term here, for sure.
XU
Xuan 12 months ago
I thought it was depression, but I guess not!
AR
Arlette 12 months ago
It's definitely called a recession.
FE
Felicidad 1 year ago
I feel like I saw something about this in my notes. Recession seems to fit the description, but I hope I’m not mixing it up with Expansion!
GL
Glory 1 year ago
I'm a bit confused between Recession and Depression. I know both involve economic downturns, but I can't recall the exact differences.
TR
Tresa 1 year ago
I remember practicing a question similar to this, and I think Recession is definitely the right term for low employment and production.
AL
Aliza 1 year ago
I think the answer might be C, Recession, but I'm not entirely sure. It could also be Depression, but that seems more severe.
EM
Emiko 1 year ago
This question seems straightforward - I'll focus on the key advantages of a "one switch at a time" approach to integrating SD-Access.
MA
Marguerita 1 year ago
I've got this! vRealize Automation is all about multi-cloud management and self-service, so I'm confident I can pick the right two capabilities.
LI
Lindsey 1 year ago
I've got a strategy for this. I'll first identify the logical files, then determine if any of them are internal or external. That should help me select the right answer.
WH
Whitney 1 year ago
Wait, is this a trick question? I'm going with A) Growth. Isn't that what we're always aiming for, like, forever and ever?
HU
Hubert 1 year ago
↳ replying to Whitney
I agree with you, it's not Growth. I think it's C) Recession too.
ER
Ernie 1 year ago
↳ replying to Whitney
I'm pretty sure it's D) Depression. That's when things are really bad.
MA
Maile 1 year ago
↳ replying to Whitney
No, it's not Growth. I think it's C) Recession.
JA
Janae 1 year ago
Easy peasy, it's C) Recession. Guess I better start pinching those pennies and cutting back on the avocado toast.
LE
Lezlie 1 year ago
B) Expansion, obviously. Who doesn't love a good economic boom? Time to start that business I've been dreaming about!
GI
Gilma 1 year ago
Definitely D) Depression. Doesn't get much worse than that, am I right? Maybe I should start hoarding canned goods just in case.
AL
Alida 1 year ago
↳ replying to Gilma
Let's hope for the best and prepare for the worst. It's always good to be cautious.
GE
Gerald 1 year ago
↳ replying to Gilma
I agree, it's a scary thought. Hopefully it doesn't come to that.
AN
Annamaria 1 year ago
↳ replying to Gilma
Yes, you're right. Depression is the correct answer. It's a tough time for the economy.
AL
Allene 1 year ago
I'm not sure, but D) Depression also sounds like a possibility when growth is negative.
BA
Barrett 1 year ago
I agree with Hubert, recession makes sense when employment and production are low.
HU
Hubert 1 year ago
I think the answer is C) Recession.
KI
Kimberlie 1 year ago
I'm not sure, but I think D) Depression is when things are really bad, right?
IR
Ira 1 year ago
I agree with Alfreda, recession makes sense when employment and production are low.
BU
Bulah 2 years ago
I think C) Recession is the correct answer here. The economic cycle has its ups and downs, and a recession is the low point when things aren't looking too great.
SH
Shantay 1 year ago
↳ replying to Bulah
Yeah, it's definitely a challenging period with low employment and production levels.
VE
Vernice 1 year ago
↳ replying to Bulah
I agree, C) Recession is the correct answer. It's a tough time for the economy.
AL
Alfreda 2 years ago
I think the answer is C) Recession.
0/2000 characters

Save Cancel