Question

What is the name of the period when an economy begins to shrink

Answer 1

The answer on Ed is recession.

Step-by-step explanation:

This is because a recession occurs when the GDP is lowered for 2 quarters in a row when it only starts to shrink not to be confused with depression; which is a prolonged recession.

Answer 2

The period when an economy begins to shrink is called a depression.

Hope this is helpful.