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A recession
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What is a prolonged economic contraction that is not especially long or severe called?
A recession
What is prolonged economic contraction that is not especially long or severe called?
A recession
What is a severe contraction in the business cycle known as?
A severe contraction in the business cycle is known as a recession. During a recession, economic activity and growth slow down, leading to a decline in employment, income, and overall economic output. recessions can have a significant impact on businesses, individuals, and the overall economy.
Do azaleas freeze in cold weather?
Azaleas can be damaged by freezing temperatures, especially if the cold weather is prolonged or severe.
What is the definition of financial depression?
Financial depression is a severe and prolonged economic downturn characterized by high levels of unemployment, reduced consumer spending, and overall economic hardship.
Can you define the difference between a recession and a depression?
A recession is a period of economic decline that lasts for a few months, while a depression is a more severe and prolonged economic downturn that can last for years.
How did the stock market crash affect the economy?
The stock market crash of 1929 led to a severe economic downturn known as the Great Depression. It resulted in widespread bank failures, massive unemployment, and a significant decrease in consumer spending and investment. Businesses struggled to survive, leading to further layoffs and a contraction of economic activity, which prolonged the economic crisis throughout the 1930s. Ultimately, the crash eroded public confidence in financial institutions and prompted significant changes in regulatory policies.
What is the difference between recession, depression, and inflation?
Recession is a period of economic decline, depression is a severe and prolonged recession, and inflation is the increase in prices of goods and services over time.
Does a depression always follow a recession?
No, a depression does not always follow a recession. While a recession is a period of economic decline, a depression is a more severe and prolonged downturn in economic activity. Not all recessions lead to depressions, as various factors can influence the severity and duration of an economic downturn.
This word is used to describe a very severe economic downturn.?
The word used to describe a very severe economic downturn is "depression." Unlike a recession, which is a milder and shorter economic decline, a depression is characterized by prolonged unemployment, a significant drop in consumer spending, and widespread business failures. Historical examples include the Great Depression of the 1930s, which had lasting impacts on economies and societies worldwide.
Rickets in children is caused by?
A severe or prolonged deficiency of Vitamin D
Use prolonged in a sentence?
The airport was closed because of bad weather so my holiday was prolonged for 2 days.
