An economic downturn that lasts for six months or more is known as a(n) .
Added by Gary C.
Step 1
Step 1: An economic downturn that lasts for six months or more is known as a recession. Show more…
Show all steps
Your feedback will help us improve your experience
Haricharan Gupta and 70 other Microeconomics educators are ready to help you.
Ask a new question
Labs
Want to see this concept in action?
Explore this concept interactively to see how it behaves as you change inputs.
Key Concepts
Recommended Videos
A nation's economy experiences periodic increases in economic activity, often followed by periods of economic slowdown or decline. this is known as _______.
Haricharan G.
Define the term economic recession?
Shalini T.
Which economic indicator most strongly suggests that an economy is experiencing the trough phase of the business cycle? O A. Unemployment rates that had been rising quickly have since slowed down. B. Both GDP and unemployment rates are beginning to rise quickly. C. GDP had been rising quickly but has since slowed down D. Both GDP and unemployment rates are beginning to fall quickly
Andrew D.
Recommended Textbooks
Principles of Economics
Principles of Microeconomics for AP® Courses
Economics
Transcript
Watch the video solution with this free unlock.
EMAIL
PASSWORD