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Consumer Spending Declines
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∙ 11y ago
Anonymous
Overall, people and businesses consume fewer products and services. A+
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When economic activity in an economy declines it is called?
== == == ==
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 temporary depression in economic activity or prosperity?
recession
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.
Which term best describes an economic slowdown?
An economic slowdown is called a recession.
The term that describes a modest downturn in the level of economic activity is?
recession A+ Class
When economic activity in an economy declines it is called?
== == == ==
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 temporary depression in economic activity or prosperity?
recession
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.
Which term best describes an economic slowdown?
An economic slowdown is called a recession.
A period when economic activity is very slow?
Recession! I had this for a test.
What is a period of reduced economic activity called?
a recession or depression
What events had influence the economic activity?
the events that influence the economic activity is the banking crises recession because our country is in debt
What is a recession economy?
A recession is when the economic activity slows and people start losing their jobs and/or companies slow their hiring.
A rise in business activity after a recession or depression?
An increase in business activity after a recession is an economic turnaround. An introduction of technology helps economies grown and come out of depression.
Which economic term describes a period of slow economic growth that also has inflation?
Recession
