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20 July, 23:31

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

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  1. 21 July, 01:35
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    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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