Examlex
Which of the following statements is accurate?
Recession
A temporary stage of economic depletion, highlighted by a downturn in trade and industrial action, normally identified by a GDP reduction in two back-to-back quarters.
Stagflation
A situation in the economy where inflation and unemployment rates are high simultaneously, leading to slow economic growth.
Deflation
A decrease in the general price level of goods and services, often indicative of a reduction in the money supply or demand.
Japanese Industrialists
Business leaders and entrepreneurs in Japan who played a significant role in the industrialization and economic growth of the country.
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