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A depression is a temporary slowdown characterized by reduced purchasing power, massive unemployment, excess of supply over demand resulting in falling prices, and a lack of confidence in the future. Depressions are also sometimes known as "slumps". Major depressions can last for years.

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What is the name for a period when business slows down and prices fall?

Depression


What is a Period when business activity slows and wages fall?

Economic depression.(:


What is it called when business activity slows prices and wages drop and unemployment rises?

the business cycle


What word means a period when business slows and prices and wages fall?

This could be referred to as deflation, or often is a sign of a forming depression.


What is a period when economic activity slows and unemployment increases called?

This period if time is known as a recession.


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.


When the business cycle slows and causes an increase in unemployment for a short period of time the economy is experiencing a?

Bust or depression.


A period when economic activity slows and unemployment increases is called a what?

America


What phase of the business cycle are the most people out of work?

The highest unemployment typically occurs during the recession phase of the business cycle. During this period, economic activity slows down, leading to decreased consumer demand, reduced business revenues, and subsequent layoffs. As companies struggle to maintain profitability, many are forced to cut jobs, resulting in increased unemployment rates.


Period of temporary business reduction less extreme than a depression?

A period of temporary business reduction less extreme than a depression is often referred to as a recession. During a recession, economic activity slows down, resulting in decreased consumer spending, rising unemployment, and lower business profits, but it does not reach the severe levels of a depression. Recessions are typically characterized by a decline in GDP for two consecutive quarters and can be followed by recovery phases as economic conditions improve.


What is the drug that slows down the activity of the nervous system?

A drug that slows down the activity of the central nervous system is called a depressant. Examples of depressants are Xanax, Librium and Amytal.


What is the drug that slows down the activity of the central nervous system?

A drug that slows down the activity of the central nervous system is called a depressant. Examples of depressants are Xanax, Librium and Amytal.