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What term means a temporary decline in economic activity or prosperity?
Wiki User
∙ 13y ago
A recession is a modest downturn in the level of economic activity. Technically, this is indicated by two consecutive quarters of negative economic growth by the GDP.
Wiki User
∙ 9y ago
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What is the difference between a reccession and a depression?
Recession refers to a temporary economic decline whereas a depression is a period of prolonged downturn in economic activity
What caused the economic prosperity in northern Europe?
A lull in fighting between countries and by the decline of famine and the plague.
Which of these terms is defined as a decline in economic activity that usually lasts six months or longer?
recession
What is the definition of economic fluctuations?
regressions and expansionsA sequence of economic activity typically characterized by recession, fiscal recovery, growth, and fiscal decline.
What is the difference between an economic recession and an economic depression?
An economic recession is "an extended decline in general business activity, typically three consecutive quarters of falling real gross national product and gross demostic product." An economic depression is "a period of drastic decline in a national or international economy.
What is the difference between a reccession and a depression?
Recession refers to a temporary economic decline whereas a depression is a period of prolonged downturn in economic activity
What caused the economic prosperity in northern Europe?
A lull in fighting between countries and by the decline of famine and the plague.
Why did union membership decline in the 1920's?
Economic Prosperity and lack of leadership.
Which of these terms is defined as a decline in economic activity that usually lasts six months or longer?
recession
What is the opposite of prosperity?
Decline.
Why did Spanish power and prosperity decline?
The defeat of the Armada marked the beginning of the end of Spanish power. Throughout the 1600's Spain's strength and prosperity decreased. One reason for this decline Philip's successor ruled for less ably than he had. The English defeating the Spanish Armada was one contributing factor to the decline of Spanish power and prosperity. Costly wars and economic issues contributed mightily as well.
What is the definition of economic fluctuations?
regressions and expansionsA sequence of economic activity typically characterized by recession, fiscal recovery, growth, and fiscal decline.
What is period of decline?
The period of decline refers to a phase in the business cycle where economic activity slows down, employment decreases, and consumer confidence weakens. During this phase, production and investment decline, leading to decreased economic growth. It is often followed by a recession if the decline sustains over a prolonged period.
What is the buissness cycle?
A sequence of economic activity typically characterized by recession, fiscal recovery, growth, and fiscal decline.
What term is defined as a decline in economic activity that usually lasts six months or longer?
pretty sure its recession
A short decline in business prosperity?
Recession
What is the difference between an economic recession and an economic depression?
An economic recession is "an extended decline in general business activity, typically three consecutive quarters of falling real gross national product and gross demostic product." An economic depression is "a period of drastic decline in a national or international economy.
