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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 prolonged economic contraction that is not especially long or severe?

A recession


Which part of the business cycle did the Great Depression represent?

Economic Contraction


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


What is a 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 the difference between contraction and expansion?

Contraction refers to a decrease in size or volume, while expansion refers to an increase in size or volume. In the context of economics, contraction can refer to a decrease in economic activity like during a recession, while expansion refers to a period of economic growth.


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)


What marks the end of an economic contraction after which the business cycle usually starts over?

That one phase