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    Which Is Characterized as a Drastic and Long-Lasting Decline in the Economy
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Which Is Characterized as a Drastic and Long-Lasting Decline in the Economy

Question 18

Question 18

Multiple Choice

Which is characterized as a drastic and long-lasting decline in the economy with high unemployment, falling prices, and decreasing business activity?


A) Expansion
B) Recession
C) Depression
D) Contraction

Correct Answer:

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