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Blackjack
History
17 February, 18:03
Define recession in economics
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Bridger Park
17 February, 18:20
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Period of general economic decline, defined usually as a contraction in the GDP for six months (two consecutive quarters) or longer. Marked by high unemployment, stagnant wages, and fall in retail sales, a recession generally does not last longer than one year and is much milder than a depression.
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