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Ira Lisetskai [31]
3 years ago
12

Define the following term: recession.​

History
1 answer:
Svetllana [295]3 years ago
7 0
A recession is a significant decline in economic activity that lasts for months or even years. Experts declare a recession when a nation’s economy experiences negative gross domestic product (GDP), rising levels of unemployment, falling retail sales, and contracting measures of income and manufacturing for an extended period of time. Hope this helped!
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