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Svetlanka [38]
3 years ago
9

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

History
2 answers:
NNADVOKAT [17]3 years ago
8 0

Answer:

explanation

Explanation:

everyone is depressed to a certain extent

GenaCL600 [577]3 years ago
8 0

Answer:

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.

"the country is in the depths of a recession"

Depression: a long and severe recession in an economy or market.

"the depression in the housing market"

Expansion: Expansion is the phase of the business cycle where real gross domestic product (GDP) grows for two or more consecutive quarters, moving from a trough to a peak. Expansion is typically accompanied by a rise in employment, consumer confidence, and equity markets and is also referred to as an economic recovery.

Explanation: Pls give brainliest :D

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