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Adverbs being modifiers can modify a verb or an adjective but not a noun. In this case, the adverb 'recently' cannot modify recession but only the adjective extended. On the contrary, an adjective cannot modify another adjective but it can modify only a noun. That is the reason both the adjectives 'recent' and 'extended' individually and jointly modify the recession. This is a big difference.
One may frequently encounter such usages in GMAT
Adverbs being modifiers can modify a verb or an adjective but not a noun. In this case, the adverb 'recently' cannot modify recession but only the adjective extended. On the contrary, an adjective cannot modify another adjective but it can modify only a noun. That is the reason both the adjectives 'recent' and 'extended' individually and jointly modify the recession. This is a big difference.
One may frequently encounter such usages in GMAT
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