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What else can I help you with?
What is global economic downturn?
When the globalized economy, the economy of all countries, are in negative growth.
Define economic depression and name at least one example of one?
An economic depression is a sustained, long-term downturn in economic activity in one or more economy. An obvious example is the U.S. Great Depression.
What president is responsible for the downturn in the economy?
obama
Describe their economic conditions of New England?
The economic conditions of New England can be described as positive or sound. This is because the economy of New England is expanding.
How best to manage economic down turn?
Your question is a big one. Economic downturn is when the economy's demand is low, which leads to the relatively inactive economy. To manage this, the government will try to stimulate the economy directly (by increase government spending) or indirectly (through tax, regulations, policies) so the demand raise.
What is meant by the term 'paradox of thirft'?
The paradox of thrift refers to the idea that if everyone saves more money during an economic downturn, it can actually harm the economy as a whole by reducing overall spending, leading to decreased demand for goods and services, which can further exacerbate the economic downturn. In other words, what may be good for individuals in the short term (saving more) can have negative consequences for the economy as a whole.
What is the Opposite of an economic recession?
Economic recession is when the economy, as a whole, is actually shrinking (GDP shrinks, unemployment rises, as the demand for goods and services is lessened.)The opposite of an economic recession, is economic growth.Economic growth is when the economy is expanding, jobs are being created because of increased demand or stimulated demand.
What is keynesianism and how does it work?
Keynesianism is an economic theory that advocates for government intervention in the economy, particularly during times of economic downturn, to stimulate demand and spur growth. It emphasizes the role of aggregate demand in shaping the overall economic output. This can be achieved through measures like government spending programs and monetary policies to stabilize the economy.
What is meant by economic recession?
Recession means decrease in the employment rate, investment rate, profit rate of the economy, Idea of a downswing/downturn in a business or trade cycle. The Economic growth will be negative. If the recession period increase then this will be called depression.
What does the following quote mean Its aim was to put a stop to the economic downturn and help America recover from the effects of years of financial deprivation?
The New Deal was supposed to stop the failing economy and help America recover from years of economic troubles.
Why was Germany particularly susceptible to a downturn in the economy?
With Germany still being a rather large manufacturing power in the world, they began to have a serious lack of manufacturing orders. This made them particularly susceptible to a downturn in the economy.
Which cause of poverty would explain why low-skilled workers are hired when the economy is expanding but are the first to be laid off when there is an economic?
lack of education :(
