Recession
Recessions are typically marked by an. In economics a recession is a business cycle contraction when there is a general decline in economic activity.
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Recessions generally occur when there is a widespread drop in spending an adverse demand shock.
. A recession is a significant decline in activity across the economy lasting longer than a few months. A recession is a prolonged period of economic decline beginning when the economy peaks and ending when it bottoms out. It is visible in industrial production employment real income and wholesale.
First the textbook definition. This may be triggered by various events such as a financial crisis an external trade shock an adverse supply shock the bursting of an economic bubble or a large-scale anthropogenic.
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