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Economics A Level (DONEEEEEEE)

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Pregunta:

What is a 1. Boom 2. Recession and Slump 3. Economic Depression

Autor: eric_galvao



Respuesta:

1. Booms are when there is a Long Period of Economic Growth Rates 2. If there is Negative Economic Growth for 2 Consecutive Quarters, then a Recession is in Place. A Slump is just a Long Recession 3. Economic Depression is a Sustained Economic Downturn which lasts for a Long Time


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