0
Recession
Wiki User
∙ 14y ago
Add your answer:
Earn +20 pts
Beginning with R what is the term for an economic downturn?
Recesscion
What word beginning with r is the term for an economic downturn?
recession
The term that describes a modest downturn in the level of economic activity is?
recession A+ Class
What term means a temporary decline in economic activity or prosperity?
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.
Define economic depression and name at least one example of one?
An economic depression is a sustained, long-term downturn in economic activity in one or more economy. An obvious example is the U.S. Great Depression.
What beginning with 'r' is the term for economical downturn?
Reccession
If choosing something means you give up something else what is the economic term for this?
The economic term for the cost of a choice is the opportunity cost.
What was the term president hoover used instead of crisis or panic?
President Hoover used the term "depression" instead of crisis or panic to describe the economic downturn during the Great Depression in the 1930s.
What is meant by the term 'economic stagnation'?
The term 'economic stagnation' means a period of slow economic growth. Depending on the definition of the term, this means growth less than around 2% per year or significantly less than the growth predicted by experts. Causes can be poor economic policy, catastrophes and demographic developments.
What term means a payment for economic injury suffered during a war?
reparations
Was World War I unexpected?
Not entirely. Though the assassination of the Arch Duke was a short term cause of the war, many long term causes included economic downturn, rivalries, and entangling alliances would have brought the countries to war regardless of the "sparks" that set off the conflict.
What is the economic term for prices of goods and services set by government?
A government only sets the prices for goods and services as a matter of course in Communist or strongly socialist countries. This has come to pass in more economically conservative countries only during periods of high inflation and serious economic downturn.
