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Describe what happens when the economy expands. What are the results when an economy retracts? How is a recession defined? (Site 1)
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Describe what happens when the economy expands. What are the results when an economy retracts? How is a recession defined? (Site 1)

User Paul Fournel
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A recession is when the economy contracts for at least two quarters. ... Definition & Examples of Recessions ... The most important indicator is real GDP.1 That comprises everything ...

User Mnagy
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