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Which of the following represents the first step in the communication model?
Recession
A temporary economic slump, associated with a drop in business and manufacturing activities, commonly distinguished by a successive decline in GDP across two quarters.
Cyclical Unemployment
Cyclical unemployment is the component of overall unemployment that results from economic recessions or expansions, influenced by the business cycle.
Economy
An area or system in which goods and services are produced, distributed, and consumed by various agents, encompassing local to global scales.
Recession
A significant decline in economic activity spread across the economy, lasting more than a few months, typically visible in real GDP, real income, employment, industrial production, and wholesale-retail sales.
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