A severe recession is a depression,a period in which prices fall but there is little demand because few people have money to spend and many are out of work.This condition is part of ________.

Question

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A severe recession, which is described as a period of low demand and high unemployment, is a phase in the business cycle. The business cycle refers to the fluctuation of economic activity that includes periods of expansion, peak, contraction and trough.

A Severe Recession Is a Depression,a Period in Which Prices