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Mazyrski [523]
3 years ago
10

4. What do we call a period of low economic activity combined with a rise in unemployment?

History
1 answer:
vladimir2022 [97]3 years ago
7 0

Consider a recession, a period of low economic activity. With lower demand for goods and services, firms start laying off workers and at the same time refrain from raising prices. So unemployment rises and inflation falls during recessions.

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