Terms
44 new/unreviewed 44 total
Term
Recession
Definition
A significant decline in economic activity lasting more than a few months, measured by real GDP and unemployment
New/Unreviewed
Term
Depression
Definition
A severe recession with no exact scientific definition
New/Unreviewed
Term
Expansion
Definition
The normal state of the economy where real GDP increases and unemployment is low
New/Unreviewed
Practice Tests
0 total
(None) Completed practice tests will show up here