Instead of assuming that the macroeconomy would automatically recover from a recession, economists began to consider the possibility that modern market economies could fall into prolonged contractions and that government assistance would be necessary to pull them out.
The Great Depression affected economists' beliefs about the macroeconomy because it made them realize that the U.S. economy actually depends on the economies of countries around the world. Prior to this, the thought was that our economy was solely dependent on actions within the U.S.
Instead of assuming that the macroeconomy would automatically recover from a recession, economists began to consider the possibility that modern market economies could fall into prolonged contractions and that government assistance would be necessary to pull them out.
How will the depression in the global economy affect the strategic planning in the organisation?
prices
beliefs
it can cause depression and nervous breakdown.
Economists use two sets of concepts to answer questions. First they apply efficiency concepts such as productive efficiency. Then they ask how perfect competition and monopoly affect the consumer.
Postpartum depression can affect mothers even a couple of years after the birth of their child.
how did the great depression affected Belize
How will the depression in the global economy affect the strategic planning in the organisation?
probably
Almost certainly.
how are Asian dietary beliefs and practices may affect the healthcare
yes
Not much.
There is no answer
prices
no
Once we finish this "recession" we will be calling the last few years the "Greater Depression".