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Economic recession is when the economy, as a whole, is actually shrinking (GDP shrinks, unemployment rises, as the demand for goods and services is lessened.)
The opposite of an economic recession, is economic growth.
Economic growth is when the economy is expanding, jobs are being created because of increased demand or stimulated demand.
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What is the opposite of recession?
the answer is an economic boomin economy it is called a "boom"
When economic activity in an economy declines it is called?
== == == ==
Implications of economic recession?
Economic recesion - implications
What term means a temporary decline in economic activity or prosperity?
A recession is a modest downturn in the level of economic activity. Technically, this is indicated by two consecutive quarters of negative economic growth by the GDP.
What is a period of economic decline?
Recession
What is the opposite of recession?
the answer is an economic boomin economy it is called a "boom"
What was the effect of president roosevelts attempt to balance the federal budget?
economic recession
When economic activity in an economy declines it is called?
== == == ==
What is economic crunch?
recession
How did the recession of 2011 compare to other economic downturns?
recession is the same to economic downturns as they both have exact economic phenomenon with few respects
Implications of economic recession?
Economic recesion - implications
What term means a temporary decline in economic activity or prosperity?
A recession is a modest downturn in the level of economic activity. Technically, this is indicated by two consecutive quarters of negative economic growth by the GDP.
What is an economic slump called?
A recession.
An economic slowdown is known as a?
recession
Is Argentina in an Economic Recession?
Yes.
A prolonged economic contraction is a.?
A recession....
What is a period of economic decline?
Recession
