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Discover LudwigThe phrase "has cooled off" is grammatically correct and commonly used in written English.
It is typically used to describe a decrease in intensity or temperature. Example: The coffee has cooled off, so it's now safe to drink. Here, "cooled off" is used to indicate that the temperature of the coffee has decreased, making it no longer hot. Other examples of when this phrase can be used include describing a person's emotions or anger decreasing after a heated argument, or the temperature of a room decreasing after turning off a heating system.
Exact(53)
So, the real-estate hypothesis: Recently, the market has cooled off.
But Harrington has cooled off, with four interceptions in the last two games.
One explanation for this development is that the economy has cooled off.
"Maybe they'll start coming back now that the Nasdaq has cooled off in the United States".
He got off to a sizzling start but has cooled off lately.
Though Wright has cooled off, Hudgens said, "He'll get hot again".
Similar(7)
WASHINGTON — Emerging economies have cooled off.
Will Tortorella have cooled off by then?
"Demand for those have cooled off.
Nine months on, some are still livid while others have cooled off.
A while later, after he had cooled off, he explained the source of his frustration.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com