Examlex
Choose the answer with the proper order for administrative rulemaking.
Recession
An interim period of economic fallback, where there’s a noticeable dip in commercial and industrial outputs, customarily marked by a decrease in GDP in two successive quarters.
Depression
a severe and prolonged downturn in economic activity, characterized by significant fall in spending and high unemployment.
Unemployment Rate
The level of unemployment within the labor force characterized by active job search efforts.
Inflation
The rate at which the average cost of goods and services ascends, leading to a decrease in monetary value over time.
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