Arecession consecutive periods of deflation apex financial literacy

A recession is consecutive periods of deflation

Explanation:

Recession: in general recession is a period in the economic cycle when there is a very steady and reduced rate of economic activities. there are key elements that indicates that an economy is in recession the decrease in elements like: real gross domestic product, Income, Employment, Manufacturing and retail sales of goods and services.

consecutive periods of deflation leads to recession.

deflation is the decrease in the general prices of goods and services do to the unwillingness of  consumers to spend or the unavailability of funds to buy goods or services  

statement of owner"s equity;