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What is the name of the period when an economy begins to shrink

User Amitd
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2 Answers

4 votes

Answer:

The answer on Ed is recession.

Step-by-step explanation:

This is because a recession occurs when the GDP is lowered for 2 quarters in a row when it only starts to shrink not to be confused with depression; which is a prolonged recession.

User Usman Imtiaz
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5 votes

The period when an economy begins to shrink is called a depression.

Hope this is helpful.

User Trilla
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