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Based on your knowledge of the business cycle, what began at the end of 2007?

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Answer: The recession

The economic downturn is a recession, which is linked to falling production and profits, rising unemployment, rising bankruptcy rates and bankruptcies (trade deals made by insolvents with creditors to avoid bankruptcy). It can be overcome or extended over time, turned into depression or economic crisis, and is linked to the process of economic cycles.

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User Mohit Manhas
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