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Define recession.
Step by step
Solved in 2 steps
- What is worst recession in France in terms of magnitude?Deflation is particularly bad for an economy in recession for all of the following reasons EXCEPT a-with deflation people spend less expecting prices to be lower in the future b- the rising prices makes goods more expensive c- with deflation the value of assets declines while the value of loans does not - this lowers wealth and further depresses spendingDefine what economists mean when they use the word: “recession”?
- Give a solution to fix a serious national recessionBusiness Cycles are fluctuations about trend in real GDP. Identify and explain one of the most exciting things about the study of business cycles.Economists refer to fluctuations in output as the "business cycle" because movements in output are regular and predictable True/False