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Question
What is the best definition of the term recession?
(1 point)
Responses
a time when net imports are greater than net exports
a time when net imports are greater than net exports
a period of decline in overall income and employment
a period of decline in overall income and employment
a time when GDP per capita rises overall
a time when GDP per capita rises overall
a period of heightened government spending
a period of heightened government spending
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1 answer
The correct answer is: a period of decline in overall income and employment