When is an economy considered to be in a recession?
A. When its business cycles slow down, leading to no peaks or
troughs over several quarters
B. When it enters a business cycle that does not have a steady
growth line
C. When it experiences a severe contraction that lasts for at least
two economic quarters in a row
D. When its business cycles speed up, leading to multiple peaks and
troughs in one quarter

The economy is considered to be in the recession period When it experiences a severe contraction that lasts for at least two economic quarters in a row.

The recession is termed as the situation when the economy faces the circumstances of loss and poor economic activities.

It is the phase of the economy when the economy sees very little or no demand in the customers for the goods and services and also a huge amount of loss in regard to the production that had been done for the customers.

It is also the phase when the customer goes through the deficiency of money supply in the economy and the imbalanced budget even for survival. This period was experienced by the people at the phase of epidemic Coronavirus.

Therefore, option C is correct.

To know more about the period of recession. refer to the link below:

https://brainly.com/question/21796442