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What term is defined as a decline in economic activity that usually lasts six months or longer?
Wiki User
∙ 12y ago
pretty sure its recession
Wiki User
∙ 12y ago
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What is an undefined term?
An undefined term is usually applied to a function (or a part) where for some values of the operands the function is not defined within the field in which it is defined. It may be defined in a bigger field. For example, division by zero is not defined anywhere. Square roots of negative numbers are not defined in the domain of Real numbers, but they are perfectly OK in the Complex field.
Is 40 percent a lot?
No, 40% is not considered a lot. Usually, "a lot" is defined as more than half or over 50%.
Does a a kite have 4 equal sides?
Not usually. In Geometry a kite is defined as a quadrilateral figure having two pairs of equal adjacent sides.
Can you use overtime hours to make 40 hours in a week?
"Overtime" is usually defined as hours worked in excess of 40 hours in a week.
How many 0's are there in a trillion?
Either 12 or 18. In English-speaking countries, a trillion is usually defined as a 1 followed by 12 zeroes.
Which of these terms is defined as a decline in economic activity that usually lasts six months or longer?
recession
What is economi activity?
Economic Activity usually means any activity in business that can be measures or monetized and relates to one of the key functions of buying or selling or exchanging between individuals
Is a recession usually accompanied by higher unemployment?
According to Real Business Cycle and Neo-Keynesian Theory, unemployment is considered a cyclical variable, meaning it fluctuates in-sync with economic conditions. Therefore, a recession, being a decline in economic production, results in a decline in employment.
What do we call a period of low economic activity when a lot of people lose their job?
This is usually called a recession.
What do we call a period of low economic activity when a lot of people lose their jobs?
This is usually called a recession.
How is 'work' defined in economics?
Work is any regular, usually compulsory activity that humans engage in for economic gain. It is mostly engaged in to provide for basic needs but may also be engaged in to satisfy any wants.
What is a firm's target capital structure consistent with?
Max of Economic Capital vs. Regulatory Capital + Buffer (usually defined by board)
What is the definition of an economic recession?
An economic recession is a slowdown in economic activity characterized by less consumer spending and often also by higher unemployment. Generally accepted indicators of a recession are usually a decline of Gross Domestic Product for two consecutive quarters and a sudden increase by 2 percent or more in the unemployment rate. However, since it takes a significant time to compile and verify the economic data, a recession may be well underway or even over when government agencies officially declare it.
How economic growth is different from economic development?
Economic growth is defined by increases in GDP. Whereas, economic development is more of a vague measure usually encorporating social measures such as literacy rates or life expectancy as a means of measuring a country's level of development.
How do dams help soil conservation?
Dams actually increase soil erotion. They trap sediment that would usually flow down river and increased economic activity around a dam usually leads to deforestation, road building, and other commercial activity that increases erotion.
How can sexual activty lead to sexual assault?
Sexual ACTIVITY is W-A-Y too broad a description. Sexual activity conducted with MUTUAL consent is not necessarily illegal, but ASSAULT is defined as UN-WANTED touching, usually done by force.
Define recession recovery and expansion?
Recession- A significant decline in activity regarding the economy. A recession usually declines such matters as employment, industrial production, real income, and wholesale-retail trade. A recession is measured in two consecutive terms of negative economic growth by the country's gross domestic product. Recovery- The period, after a recession, of growth due primarily to the utilization of economic capacity which became idle during the recession. Expansion- The period of economic growth after a recovery in which the increase of GDP is due to increases of productivity and addition of new economic capacity, rather than utilization of idle capacity.
