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A decline in business activity that is not as severe as a depression is called a?
recession
What is a prolonged economic contraction that is not especially long or severe 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.
How severe was the recession in 1998?
There was no recession in 1998. See the NBER website for US data.
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
What is a prolonged economic contraction that is not especially long or severe called?
A recession
What is prolonged economic contraction that is not especially long or severe 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.
How severe was the recession in 1998?
There was no recession in 1998. See the NBER website for US data.
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.
What is prolonged economic contraction that is not especially long or severe?
A recession
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.
