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One consequence of global warming is the melting of the glaciers and the resulting rise in sea levels. What will likely be the direct effect of this increase in sea levels on coral reefs?
Recession
A significant decline in economic activity spread across the economy, lasting more than a few months, visible in real GDP, real income, employment, industrial production, and wholesale-retail sales.
Budget Deficit
The financial situation where a government's expenditures exceed its revenues within a specific period, leading to borrowing or debt accumulation.
Tax Revenues
Represents the income that is gained by governments through taxation.
Recession
A phase of short-term economic downturn marked by diminished trade and manufacturing activities, usually recognized by a decrease in GDP for two consecutive quarters.
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