An exceptionally strong and prolonged contraction is known as

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A prolonged and strong contraction in the economy is known as a recession. This is a period of economic decline, where the country's GDP falls, and there is a slowdown in economic activity. It is characterized by high unemployment rates, falling production, and a decline in consumer spending. A trough is the lowest point in the business cycle, which marks the end of a recession and the beginning of a recovery period. An economic bust is another term used to describe a recession, while a super contraction and business cycle are not standard economic terms.

An Exceptionally Strong and Prolonged Contraction Is Known as