0
An Economic Recession is a period of economic contraction (The Growth Rate shrinks and becomes stagnant)
Wiki User
∙ 11y ago
domenicusiv
Widening the gap between the rich and the poor while increasing the unemployment rate
Add your answer:
Earn +20 pts
What happens during a time of recession?
you go all ape on everyone and eat people
What automatically happens during a recession?
http://wiki.answers.com/Q/What_automatically_happens_during_a_recession" http://wiki.answers.com/Q/What_automatically_happens_during_a_recession"
Why Recessionary gap happens?
Recessionary gap occurs because the nations gross domestic product is lower than it is at full employment. This often occurs when an economy is beginning a recession.
Recent topics for paper presentation in finance?
Global Financial crisis - India's stand during & post recession
What happens when banks fail?
An Economic crisis happens in most cases. Without banks infusing the necessary liquidity in the financial system the whole economy would turn upside down. Just like what happened during the Sub prime economic crisis during early 2008 in the USA and across the world.
When the economy enters a recession what normally happens?
the banks go bust, yea
What best explains what happens when unemployment increases during a recession?
The recession worsens into a depression.
What is expansionary mode?
Expansionary mode is the growth of the economy during a recession
What happens to price levels during a recession?
it falls
What happens if the bailout doesn't work?
The recession would continue & The economy would continue to suffer
Define recession in the economy?
Recession means the period of reduction in trade and commerce in the economy.
When do Discretionary fiscal policy will stabilize the economy most?
deflicts are incurred during recession and surpluses during inflaions.
What of the following happens when unemployment increases during a recession?
There´s a depression
When economic activity in an economy declines it is called?
== == == ==
What happens during a time of recession?
you go all ape on everyone and eat people
Is it true during a recession demand for goods increases and employment rises?
Just the opposite happens. In a recession, unemployment increases and the demand for goods decreases.
How could changes in taxation be used to control recession?
Lowering tax rates during recession puts more money into consumer's pockets which they can then purchase additional goods and services. Resulting in a stronger economy and a lessening of effects from a recession.
