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This is often called a recession.

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What is a period of temporary business reduction shorter and less extreme depression call?

A period of temporary business reduction shorter and less extreme than a depression is commonly referred to as an economic recession.


A period of temporary business reduction shorter and less extreme that depression?

Recession


A period temporary business reduction shorter and less extreme than a depression?

recession


What period of temporary business reduction shorter and less extreme than a depression?

recession


Period of temporary business reduction less extreme than a depression?

A period of temporary business reduction less extreme than a depression is often referred to as a recession. During a recession, economic activity slows down, resulting in decreased consumer spending, rising unemployment, and lower business profits, but it does not reach the severe levels of a depression. Recessions are typically characterized by a decline in GDP for two consecutive quarters and can be followed by recovery phases as economic conditions improve.


What is a period of temporary business reduction shorter and less extreme then a depression?

A period of temporary business reduction that is shorter and less extreme than a depression is known as a recession. During a recession, economic activity declines, but it is typically less severe and more short-lived than a depression, which is characterized by a prolonged downturn. Recessions can result from various factors, such as reduced consumer demand or external shocks, but economies usually recover within a few months to a few years.


What is a period of temporary business reduction shorter and less extreme then a depression called?

A period of temporary business reduction that is shorter and less severe than a depression is called a recession. Recessions typically involve a decline in economic activity, characterized by falling GDP, rising unemployment, and decreased consumer spending. Unlike a depression, which is prolonged and deeply damaging, a recession is often seen as a natural part of the economic cycle and can be followed by recovery.


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