were plummeting
Past progressive conjugation of plummet. There are other translations for this conjugation.

plummet

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Their approval ratings were plummeting at the time, along with the popularity of their parties.
En los tiempos en que se comenzó hablar de este acuerdo bipartidista, la popularidad de ambos y de sus partidos iba en picada.
Wages were plummeting, prices soaring.
Los salarios fueron cayendo en picado mientras los precios subían.
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