These conditions are least likely to exist in a recession or a depression is less unemployment.
We have given that,
A. Less production
B. Less spending and income
C. Less inflation
D.less unemployment
We have to determine which of these conditions is least likely to exist in a recession or a depression.
A recession is a business cycle contraction when there is a general decline in economic activity. Recessions generally occur when there is a widespread drop in spending.
These conditions is least likely to exist in a recession or a depression is less unemployment.
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