0

Subjects>Business>Economics

How severe was the recession in 1998?

Anonymous

∙ 17y ago

Updated: 11/3/2022

There was no recession in 1998. See the NBER website for US data.

Wiki User

∙ 17y ago

What else can I help you with?

Continue Learning about Economics

What is a long lasting and severe recession?

depression

A decline in business activity that is not as severe as a depression is called a?

recession

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.

What is a prolonged economic contraction that is not especially long or severe called?

A recession

What is a severe recession called?

This is called (A depression). Economics, Mid-term...

Related Questions

Are there degrees of recession?

absolutly mild and severe

What is a long lasting and severe recession?

depression

Are high gas prices causing recession?

No. Gas prices have not caused this recession. This is because of the severe credit crunch.

A decline in business activity that is not as severe as a depression is called a?

recession

A decline in business activity that is not as severe as a depression is called a .?

recession

What is prolonged economic contraction that is not especially long or severe?

A recession

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.

What is the difference between depression and recession?

Depression and recession are both economic downturns, but a depression is more severe and longer-lasting than a recession. A depression involves a significant decline in economic activity, high unemployment rates, and widespread hardship, while a recession is a period of economic decline that is less severe and shorter in duration.

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.

What is prolonged economic contraction that is not especially long or severe called?

A recession

What is a prolonged economic contraction that is not especially long or severe called?

A recession

What is a severe recession called?

This is called (A depression). Economics, Mid-term...

Trending Questions

Which is characteristic of a traditional economy Children tend to have the same jobs as their parents did They have a high standard of living They are usually based on light industri? What are the main responsibilities of an executor of a will? Why did factories grow in the north instead of the south where cotton is grown? What are the successes of capitalism? How does limited income affect consumer buying decisions? Difference between environment scanning and environment analysis? What does making a choice at the margin mean? How do you cope up with the increasing prices of commodities in the market? What is the current market price for silver? When WE will plus the total goods and services and summed up it is GNI or GDP? What is the amount of money a company receives by selling goods or services? What principle refers to the fact that a person is prevented from consuming private goods unless he or she pays for them? In Asia and the Americans identify whether political social or economic interests were the main motivation for imperialist nations in both regions. Use two examples for each region.? B Discuss key drivers that may be used to tailor transportation How does tailoring help? What are economic importance of grasshopper? Why should consumers learn about products they wish to buy? What factors caused American business to develop into a mixed economic system rather than some other type of economic system? Why doesn't our supply of carbon ever run out? What is double accounting in macroeconomics? How customs or import duties can affect import and export businesses?

Resources

Top Categories

Product

Company

Copyright ©2026 Infospace Holdings LLC, A System1 Company. All Rights Reserved. The material on this site can not be reproduced, distributed, transmitted, cached or otherwise used, except with prior written permission of Answers.