Examlex
Which test has been demonstrated to be a highly reliable measure?
Sharp Recession
A severe and rapid downturn in economic activity.
Unemployment Rate
The fraction of the total employment market that remains without work but is eagerly searching for jobs and is willing to be employed.
Severe Recessions
Extended periods of economic decline around the world characterized by significant reductions in economic activity, high unemployment, and often deflation.
Stagflation
A situation in an economy where there is a combination of stagnant economic growth, high unemployment, and high inflation.
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