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28 August, 13:14

The period of time when business slows, workers are laid off, and GDP declines is what part of the business cycle?

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  1. 28 August, 13:40
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    The answer to the question is Economic Recession, which is a business cycle contraction. It is the period wherein the economic activity slows down in general causing declines in GDP (gross domestic product), business profits and a rise on unemployment rate.
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