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What is a period of temporary business reduction shorter and less extreme then a depression?
A period of temporary business reduction that is shorter and less extreme than a depression is known as a recession. During a recession, economic activity declines, but it is typically less severe and more short-lived than a depression, which is characterized by a prolonged downturn. Recessions can result from various factors, such as reduced consumer demand or external shocks, but economies usually recover within a few months to a few years.
What happens if you were autistic in Nazi Germany?
If the condition was severe enough, and the government found out, then it was very likely that you would be sent away to a special clinic that would have sterilized you or worse case have secretly killed you.
Did lord Charles Cornwallis die from a severe fever?
he died from a severe fever
What did The Panic of 1837 eventually led to?
a worldwide economic crisis called the long depression
Why is the Bill of Rights necessary?
Every item in the Bill of Rights describes a severe problem for the American Colonists between 1763 and 1776. It was necessary to give congress a list of restrictions. Americans believe in restricting the power of their government.
How severe was the recession in 1998?
There was no recession in 1998. See the NBER website for US data.
Are there degrees of recession?
absolutly mild and severe
What is a long lasting and severe recession?
depression
Are high gas prices causing recession?
No. Gas prices have not caused this recession. This is because of the severe credit crunch.
A decline in business activity that is not as severe as a depression is called a?
recession
A decline in business activity that is not as severe as a depression is called a .?
recession
What is prolonged economic contraction that is not especially long or severe?
A recession
A decline in business activity that is not as severe as a depression is called?
A recession is a decline in business activity that is not as severe as a depression. The economy will be determined to be in a recession if there has been a decline in the GDP for two consecutive quarters.
What is the difference between depression and recession?
Depression and recession are both economic downturns, but a depression is more severe and longer-lasting than a recession. A depression involves a significant decline in economic activity, high unemployment rates, and widespread hardship, while a recession is a period of economic decline that is less severe and shorter in duration.
What is the difference between recession, depression, and inflation?
Recession is a period of economic decline, depression is a severe and prolonged recession, and inflation is the increase in prices of goods and services over time.
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
