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What is a economic crisis?
Economic crisis is wherein there is negative GDP growth lasting for two or more quarters. It is severe recession or depression.
What is a prolonged economic contraction that is not especially long or severe called?
A recession
How long does an Average housing slump last?
The average housing slump in the United States lasts from 2.5 to 3.5 years. The slump in the Great Recession was particularly severe, lasting over four years.
How severe was the recession in 1998?
There was no recession in 1998. See the NBER website for US data.
A decline in business activity that is not as severe as a depression is called a?
recession
What is prolonged economic contraction that is not especially long or severe?
A recession
What is a economic crisis?
Economic crisis is wherein there is negative GDP growth lasting for two or more quarters. It is severe recession or depression.
What is prolonged economic contraction that is not especially long or severe called?
A recession
What is a prolonged economic contraction that is not especially long or severe called?
A recession
How long does an Average housing slump last?
The average housing slump in the United States lasts from 2.5 to 3.5 years. The slump in the Great Recession was particularly severe, lasting over four years.
Fewer jobs are available and unemployment is rising during an?
Fewer jobs are available and unemployment rise during a recession. If the recession becomes severe or long term it is then termed a depression.
How severe was the recession in 1998?
There was no recession in 1998. See the NBER website for US data.
Are there degrees of recession?
absolutly mild and severe
Are high gas prices causing recession?
No. Gas prices have not caused this recession. This is because of the severe credit crunch.
A decline in business activity that is not as severe as a depression is called a .?
recession
A decline in business activity that is not as severe as a depression is called a?
recession
A decline in business activity that is not as severe as a depression is called?
A recession is a decline in business activity that is not as severe as a depression. The economy will be determined to be in a recession if there has been a decline in the GDP for two consecutive quarters.
