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Luda [366]
3 years ago
15

What is a prolonged economic contraction that is not especially long or severe called?'?

Social Studies
2 answers:
Mice21 [21]3 years ago
8 0

Answer:

recession

Explanation:

gizmo_the_mogwai [7]3 years ago
4 0
<span>A prolonged economic contraction that is not especially long or severe is called recession.
</span><span>When there is a significant decline in activity across the economy and this is lasting longer than a few months then we have recession.
</span><span>Recession is characterized with the following: 
</span>drop in the following five economic indicators: real GDP, income, employment, manufacturing and retail sales<span>.</span>
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