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Davina Ballah
on Nov 22, 2024

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A recession and contraction of the economy tends to reduce consumer confidence.

Consumer Confidence

A measure of how optimistic consumers are about the overall state of the economy and their own personal finances.

Recession

A period of temporary economic decline during which trade and industrial activity are reduced, generally identified by a fall in GDP in two successive quarters.

  • Pinpoint the causes of economic contractions and expansions.
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JG
Julio GarciaNov 28, 2024
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