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Earn +20 ptsQ: What is an economic contraction?
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A prolonged economic contraction is a.?
A recession....
A prolonged economic contraction known as a?
recession
What is the lowest point in an economic contraction is called what?
Trough.
What is a prolonged economic contraction that is not especially long or severe called?
A recession
Which phases of the business cycle would be most closely associated with an economic contraction?
Recession
Related questions
A prolonged economic contraction is a.?
A recession....
A prolonged economic contraction known as a?
recession
What is the lowest point in an economic contraction is called what?
Trough.
What is prolonged economic contraction that is not especially long or severe?
A recession
What historical event is an example of economic contraction in the US?
the Great Depression
What is prolonged economic contraction that is not especially long or severe called?
A recession
Contraction (business cycle)?
economic growth weakens and becomes a recession
What is a prolonged economic contraction that is not especially long or severe called?
A recession
Which part of the business cycle did the Great Depression represent?
Economic Contraction
What is businesses cycle?
Answer is: [A recurring cycle of booms and busts, recoveries and recessions] (Go Apex Kids;)Business cycle (trade cycle) refers to the fluctuations in economic activities due to the changes in the economic variables like employment, income, output, prices etc.The definition of a business cycle is " a cycle or series of cycles of economic expansion and contraction."a period of economic growth followed by economic contraction (gp)
Which phases of the business cycle would be most closely associated with an economic contraction?
Recession
What marks the end of an economic contraction after which the business cycle usually starts over?
That one phase
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