BUSINESS ADMINISTRATION
BUSINESS POLICY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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bust
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expansion
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recession
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bull
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Detailed explanation-1: -The NBER defines a recession as a period between a peak and a trough in the business cycle where there is a significant decline in economic activity spread across the economy that can last from a few months to more than a year.
Detailed explanation-2: -Here is a list of our partners and here’s how we make money. Though the economy occasionally sputtered in 2022, it has certainly been resilient-and now in the early months of 2023, the U.S. is still not currently in a recession, according to a traditional definition.
Detailed explanation-3: -If a company is struggling to turn a profit when sales are high and a recession hits, chances are sales will decline. This will cause the business to lose a lot of money. To lessen these losses, the company lays off some of its workforce to save money until the economy improves.