Asked by
Natalie Beres
on Oct 14, 2024
Verified
Which of the following was considered a mild recession?
A) 1937-1938
B) 1973-1975
C) 1981-1982
D) 1990-1991
Mild Recession
A period of slight economic decline wherein the economy's growth slows down, but the downturn is not severe enough to be classified as a full recession.
- Acknowledge the variables contributing to periods of economic depression and prosperity in U.S. historical progression.
Verified Answer
BT
Learning Objectives
- Acknowledge the variables contributing to periods of economic depression and prosperity in U.S. historical progression.
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