Which statement best describes why it is difficult to sell a home during a recession?
A)Mortgage rates are high.
B)Demand greatly decreases.
C)Mortgages become unavailable.
D)Housing prices increase.

The correct answer is letter B

The economic recession is the reduction of a country's Gross Domestic Product (GDP) for two consecutive quarters. Thus, the recession is inextricably linked to a severe economic crisis. In isolation, recession means to go backwards or backwards. When applied to the economy, the term represents a significant economic decline.

The impacts of the economic recession can be severe.

The main ones - and the most felt by the population - are:

Increased unemployment, Falling purchasing power, Decreased productivity, Decreased investments.

The reduction in purchasing power, or in family income, is one of the first symptoms to be felt. With an economic crisis, many employee benefits are reduced within companies. Wages fall and so does the demand for new professionals.