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a recession or depression

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What is a period of reduced activity called?

a recession or depression


What is the period of reduced activity called?

The period of reduced activity is often referred to as a lull. This term describes a temporary decrease in activity or a quiet period in a particular situation or context.


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

This period if time is known as a recession.


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

America


What do we call a period of low economic activity when a lot of people lose their jobs?

This is usually called a recession.


What do we call a period of low economic activity when a lot of people lose their job?

This is usually called a recession.


Is a period of low economic activity and rising unemployment?

economic depression


What period is greatly reduced activity during cold months?

hibernation


What is a period of economic growth called?

A period of economic growth is an economic boom


A period when economic activity is very slow?

Recession! I had this for a test.


What do you call the period of time when the economy is shrinking?

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.


Which of these describes the economic recovery period in the business cycle?

Economic activity is rising above the point of the previous peak.