What is one effect of an economic cycle of depression?

History

1 answer:

marusya05 [52]2 years ago

7 0

Answer:

Plz hoped this helps i am sorry you have to read it but it is easier to explain!

Explanation:

By contrast, US GDP declined at most 5% in the severe recession of 1973-75. In general, periods of economic depression are manifest substantially reduced GDP, as well as severely high rates of unemployment, foreclosures, business closures, as well as significantly reduced wholesale and retail sales activity.

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