A prolonged economic contraction is called ?
depression? recession?
A prolonged economic contraction is called a recession.
To determine this answer, you can use several methods:
1. Prior knowledge: If you are already familiar with the topic of economics, you may know that a prolonged contraction is referred to as a recession.
2. Online search: You can search for the definition of a prolonged economic contraction using search engines like Google. Simply type in "prolonged economic contraction" and you should find results that include the term "recession."
3. Reference materials: Consult economics textbooks, dictionaries, or encyclopedias. These sources often provide definitions and explanations of economic terms, including recessions.
4. Expert opinion: Ask an economist or someone knowledgeable in the field. They are likely to be aware of the term "recession" to describe a prolonged economic contraction.
Remember, always consider multiple sources and verify the information to ensure accuracy.