answersLogoWhite

0

A recession is an economic downturn characterized by a decline in gross domestic product (GDP) for two consecutive quarters, leading to reduced consumer spending, increased unemployment, and lower industrial production. It often reflects widespread declines in economic activity across various sectors. Recessions can result from various factors, including high inflation, decreased consumer confidence, and external shocks. During this period, businesses may struggle, and financial markets typically experience volatility.

User Avatar

AnswerBot

5d ago

What else can I help you with?

Related Questions

Which statement describes a recession?

overall, people and business consume


What statement describes economic activity in a recession?

Consumer Spending Declines


Which statement is true about the recession?

The technical indicator of a recession are 2 consecutive quarters of a negative economic growth as measured by a country's GDP is a true statement about recession.


What are words that describe proverbs?

It's a short statement that describes a truth, or concept.It's a short statement that describes a truth, or concept.It's a short statement that describes a truth, or concept.It's a short statement that describes a truth, or concept.It's a short statement that describes a truth, or concept.It's a short statement that describes a truth, or concept.


Sample research problem statement on employee motivation in a recession?

What factors motivate employees during a economical recession


Which statement is trueA recession is shorter than a depression.A recession occurs when the federal budget is balanced.A recession is closely related to a presidential veto of an act of Congress.A recession is longer than a depression?

A recession is shorter than a depression.


The term that describes a modest downturn in the level of economic activity is?

recession A+ Class


Which term best describes an economic slowdown?

An economic slowdown is called a recession.


What term best describes a mathematical statement?

A conditional statement


What statement describes the atmosphere?

We don't have your statement so can't answer.


What statement describes negative population growth?

More people die than are born during a given period is a statement that describes negative population growth. The statement describes negative population in Western Europe.


What term best describes a mathematical statement of if a then b?

A conditional statement.