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12 April, 17:06

What is the one-word term for a decrease in economic activity that could last for months or longer

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  1. 12 April, 18:06
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    Recession.

    Explanation:

    Recession: It is defined as a gradual decline in economic activity as consumer and business spend a lesser amount of money in the market, which leads to a decline in the gross domestic product of the nation. If there is a decline in GDP for consecutive two quarters then it is an indicator that the economy is heading toward recession. It is also considered a business cycle contraction.
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