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A decline in business activity that is not as severe as a depression is called a .?
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∙ 7y ago
recession
Gudrun Collier
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A decline in business activity that is not as severe as a depression is called?
A recession is a decline in business activity that is not as severe as a depression. The economy will be determined to be in a recession if there has been a decline in the GDP for two consecutive quarters.
A decline in business activity that is not as severe as a depression is called a?
recession
What is it called when business activity slows prices and wages drop and unemployment rises?
the business cycle
What is a period of reduced activity called?
a recession or depression
What is a period of reduced economic activity called?
a recession or depression
What is a period of low economic activity and rising unemployment called?
If it's a short downturn or slowdown during a business cycle, it's a recession. If it's a longer, sustained and more severe downturn, it's a depression.
What is alternating periods of prosperity and decline called?
The business cycle
A period when economic activity slows and unemployment increases is called a what?
America
Which phase in the business cycle occurs when the economy shrinks due to a decline in production of goods and services?
This is called a 'recession.'
Which phase in the business cycle occurs when the economy shrinks due to a decline in production in goods and services.?
This is called a 'recession.'
Why were the 1930s called the devil's decade?
It was a period of financial difficulty caused by the 1929 Wall Street Crash that led to a global depression. Britain had an economic decline
What is Preliminary Expenses?
All the expenses which a business incurred from start of business to actual start of operations of revenue generating activity of business is called preliminary expenses.
