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What happens to banks during a recession?
In an economic recession, confidence in banking institutions often fail, causing unemployment which in turn causes a lack of demand for certain products. Citizens lack confidence about the economic future and thus do not buy homes. Investors lack confidence in the stocks of corporations and sell their shares causing huge losses. Government intervention can ease the effects of a recession, however, many economists are certain that at times too much government intervention only prolongs recessions. People out of work rely on unemployment benefits, so large ticket item purchases such as automobiles are postponed. In the US' Great Depression, some economists claim that President Roosevelt's remedies prolonged the recession. At that time, unemployment reached 25% of people seeking work.
What view of economics advocates massive public spending during a depression or recession?
I believe that would be Keynesianism. John Maynard believed the government should "prime the economic pump" by creating multiple jobs and public work projects for citizens during times of recession, even if it meant running up the national debt.
What is Quaternary economic activity?
Economic activities where people who work at jobs than focus on the acquisition, proceeding, and sharing information.
Was the economy good in the 1970s?
No, there was a terrible recession in the 1970s and a horrible gas crunch caused by propaganda. The recession cause prices and realty to skyrocket. Unemployment was high too. Many women HAD to go to work in the 70s because of the recession. It became hard for a couple to survive on one paycheck. Some investors lost a lot of money then too.
What are the problems of using the unemployment rate as an indicator of economic health?
There are a few problems with the unemployment and the economic health. The main problem is people not wanting to work.
What term is defined as a period when business is slow and many people are out of work?
Recession
What kind of work is good during recession?
Any Work!!!!!!! So many people have lost their jobs so it is better to have a job rather than any job! :)
Government has less money because people are out of work and pay less money?
recession
What happens to banks during a recession?
In an economic recession, confidence in banking institutions often fail, causing unemployment which in turn causes a lack of demand for certain products. Citizens lack confidence about the economic future and thus do not buy homes. Investors lack confidence in the stocks of corporations and sell their shares causing huge losses. Government intervention can ease the effects of a recession, however, many economists are certain that at times too much government intervention only prolongs recessions. People out of work rely on unemployment benefits, so large ticket item purchases such as automobiles are postponed. In the US' Great Depression, some economists claim that President Roosevelt's remedies prolonged the recession. At that time, unemployment reached 25% of people seeking work.
Which of these occurs when the government has less money because people are out of work and pay less taxes?
recession
A occurs when the government has less money because people are out of work and pay less taxes?
recession
Economic depression in the social security act of 1935?
a time when many people are out of work and business is poor
How are people affected by economic problems?
People are affected by economic problems because their is no work and there is no money to pay their expenses.
What is the government doing to end the recession and will the US policy work to raise the level of GDP?
The government is giving people money
Is the Recession Really Over?
I often like to think that judging how bad a recession is relies upon the perspective of the individual. Even through one of the worst recessions in history, many people have managed to stay gainfully employed throughout the entire period. Yet for others who were laid off and are still struggling to find work, this really is a recession that has hit home. According to a government panel, the "Great Recession" officially ended in June of 2009, but does that tell the whole story? Unemployment, for example, still remains stubbornly high, and experts don't predict that level falling for some time, if ever. Millions of Americans are still out of work and unable to find employment, and I'm sure if you asked these individuals if the recession is over you would receive a resounding "No." And while the recession may officially be labeled over, that doesn't mean that the country is immune from falling into a new one. Weaker economic data has continued to climb over the past few months, and the NBER (National Bureau of Economic Research" recently said as much, saying "The committee decided that any future downturn of the economy would be a new recession and not a continuation of the recession that began in December 2007. The basis for this decision was the length and strength of the recovery to date." Troubles in housing also continue to plague many parts of the country, with consumers worriedly watching their home prices edge ever lower. A recovery may be in the works, but it will likely be much slower than many consumers had hoped. [video=]
What view of economics advocates massive public spending during a depression or recession?
I believe that would be Keynesianism. John Maynard believed the government should "prime the economic pump" by creating multiple jobs and public work projects for citizens during times of recession, even if it meant running up the national debt.
What is a Quaternary economic?
Economic activities where people who work at jobs than focus on the acquisition, proceeding, and sharing information.
