is a period of short-lived economic decrease during which trade and also industrial activity are reduced, generally figured out by a fall in GDP in two succeeding quarters.


You are watching: A recession is defined as a period in which quizlet

unexpected event that transforms the supply of a product or commodity, bring about a sudden readjust in its price
an unexpected occasion that alters the supply of a product or commodity, leading to a sudden readjust in its price.
The sharp decrease in economic task during the so late 2000s, which is generally thought about the biggest downturn because the an excellent Depression.
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Discovering our Past: A history of the united States, beforehand YearsAlan Brinkley, Albert S. Broussard, Donald A. Ritchie, James M. McPherson, Joyce Appleby
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Discovering ours Past: A history of the unified StatesAlan Brinkley, Albert S. Broussard, Donald A. Ritchie, James M. McPherson, Joyce Appleby


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