The correct answer is: C. Recovery.
A recession is a period of declining economic activity spread across the economy, lasting more than a few months, normally visible in real GDP, real income, employment, industrial production, and wholesale-retail sales. The length of a recession is the time between the peak of one business cycle and the trough of the next, although it is often designated as starting and ending dates.
A recovery is a period of economic growth following a recession. It is characterized by an increase in real GDP, real income, employment, industrial production, and wholesale-retail sales.
A depression is a severe recession that lasts for a long period of time. It is characterized by a sharp decline in economic activity, high unemployment, and deflation.
Stagnation is a period of economic growth that is very slow or nonexistent. It is characterized by
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