user485 user485
  • 23-11-2019
  • Business
contestada

The phase of the business cycle in which real gdp declines is called

Respuesta :

andreafernandez
andreafernandez andreafernandez
  • 24-11-2019

Answer:

A recession

Explanation:

why a recession? Because a recession is known as a decrease or loss of the economic activity of a country or region, which is measured through the decrease, in interannual rate, of the real Gross Domestic Product. That´s why a recession is the perfect match for this case

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