The term used to describe a sharp slowdown in the rate of economic growth or a modest decline in economic activity is called:

Related MCQs

• The process of converting short term to long term debt by the sale of long term securities and using the funds raised to pay off short-term debt is called:
• Short term contractions and expansions in economic activity are called
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• The administered transfer of resources from the advanced countries to the developing countries for the purpose of encouraging economic growth is called:
• Underground economic activity that is not declared for taxation purposes is called
• A measure taken in respect of economic activity that has the intention of damage to another country’s economy is called:
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