What is the name of the period when an economy begins to shrink

2 answers:

8 0

The period when an economy begins to shrink is referred to as recession. This period is characterized with fall of the economic indicators such as GDP, corporate profits, employments, etc.Increased spending by the government and decreased taxation can lead slowdown in economic activities and to this economic situation.

Ket [755]3 years ago

3 0

It was know as the stock market crash or great depression

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