Most of the times, it is the economic policy adopted by a government before recession, which determines what type of recession it is; a wrongly calibrated economic policies leading to L-shape recessions, the worst of all. Which is correct regarding L ?
[A] L-shape recession is a recession that goes down and then stays there for a long period of time without a recovery
[B] L-shape recession goes down slowly and then stays there for a few years before recovering
[C] L-shape recession goes down slowly and then stays there for many years before recovering
[D] None of the above
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