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The period of time when the economy is shrinking is called a recession. During a recession, economic activity declines, leading to reduced consumer spending, rising unemployment, and lower production levels. This phase is typically characterized by a drop in gross domestic product (GDP) for two consecutive quarters.
What else can I help you with?
What is NNP?
NNP = GNP-Depriciation it is the net out put in a economy during a period of time.
What is the maximum output that the economy can sustain over a period of time called?
productive capacity
What does GDP tell us about a country's economy?
GDP tells us about our country's economy by telling us the total money value of all final goods and services that is produced in an economy over a period of time.
What is the definition economic pressure?
Economic pressures refers to a time period in the economy of a country when indicators are not in a favourable condition
What is the expanded circular flow model of the economy?
The circular flow model of the economy is a conceptualization of the basic flows of income and spending in the economy during a given period of time. It is usually depicted on a diagram, which can be viewed at the Related Link.
Why is Peak Oil bad for us?
When oil runs short the price will skyrocket. Oil is a very important commodity in our economy. The higher the price rises the slower our economy will grow. At some point the economy will shrink. Capitalism does not work on a shrinking economy. Global meltdown will be the consequence - unless we find a replacement for oil by that time.
What do you call a 100 year time period?
a century
What did they call the time period after the civil war?
Reconstruction ,
What is NNP?
NNP = GNP-Depriciation it is the net out put in a economy during a period of time.
What is the maximum output that the economy can sustain over a period of time called?
productive capacity
What do you call changes in temperature and precipitation over a short period of time?
We call this weather.
What does the European Union call daylight saving time?
summer time period
What do European people call daylight saving time?
summer time period
How quantity of money is measured?
In an economy, the quantity of money is measured by the Money Supply. This is the amount of money available in an economy in a specific period of time.
What do you call an item that is ahead of its time period?
futuristic, revolutionary
What do you call the period of time does it take for a planet to turn on its own axis?
Rotational period or day
What do we call a period of a year after a marriage?
The period of time closely following a marriage is often referred to as the "Honeymoon" period. It is recognized as a time of little conflict in a relationship.
