contraction Definition

contraction

Definition

A period of general economic decline. Contractions are often part of a business cycle, coming after an expansionary phase and before a recession.

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contraction is ...
... part of the Economy subject.

Related Terms

deflation - More

economic cycle - More

boom and bust cycle - More

irrational exuberance

contraction appears in the definitions of these other terms on BusinessDictionary.com

counter-cyclical, demo, poisson ratio, monetary policy

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