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LuckyWell [14K]
3 years ago
9

Click to review the online content. Then answer the question(s) below, using complete sentences. Scroll down to view additional

questions.
Online Content: Site 1

Describe what happens when the economy expands. What are the results when an economy retracts? How is a recession defined? (Site 1)
Social Studies
1 answer:
olganol [36]3 years ago
7 0

Answer:

When an economy expands, it leads to a decrease in unemployment, an increase in inflation, and a rise of the real GDP. When the economy contracts, it leads to an increase in unemployment, a decrease in inflation, and a fall in the real GDP. A recession is defined as 2 consecutive quarters that show a decline in growth in the real GDP.

Explanation:

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