vidalmonserrat15 vidalmonserrat15

08-12-2020
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4. What do we call a period of low economic activity combined with a rise in
unemployment?

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ellalangley ellalangley

10-12-2020

Consider a recession, a period of low economic activity. With lower demand for goods and services, firms start laying off workers and at the same time refrain from raising prices. So unemployment rises and inflation falls during recessions.

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