Write the Meaning of the Abbreviation on the Line

question 32

Short Answer

Write the meaning of the abbreviation on the line.
-ED ___________________________

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Definitions:

Business Cycle Peaks

The points in time at which an economy transitions from an expansion to a recession, marking the highest point of economic activity before downturn.

Last Recession

Refers to the most recent period of significant decline in economic activity across the economy, lasting more than a few months.

Winter

The coldest season of the year, occurring between autumn and spring.

Disinflation

A slowdown in the rate of inflation, marked by a gradual decrease in the general price level of goods and services over time.