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Lina20 [59]
3 years ago
9

Define the following terms:recession:depression:expansion:this is for economics.​

Business
1 answer:
soldier1979 [14.2K]3 years ago
6 0

Answer:

Explanation:

Recession- a period of temporary economic decline during which trade and industrial activity are reduced, generally identified by a fall in GDP in two successive quarters.

depression- a overwhelming feeling of despair that often leads to sui.ci.al  thought or su.ic.ide .

expansion- the action of becoming larger or more extensive.

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B. If the price of gasoline​ rises, a smaller quantity of it will be bought.

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A positive economic statement is the one which is based on the facts and it can be verified based on different facts established, or studies.

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