68 245
Assignments Done
99%
Successfully Done
In November 2018

Answer to Question #75686 in Macroeconomics for Kya

Question #75686
Recession come at( which decline in spending is larger)
Expert's answer
In economics, a recession is a business cycle contraction which results in a general slowdown in economic activity. Macroeconomic indicators such as GDP (gross domestic product), investment spending, capacity utilization, household income, business profits, and inflation fall, while bankruptcies and the unemployment rate rise. In the United Kingdom, it is defined as a negative economic growth for two consecutive quarters.
Source:
https://en.wikipedia.org/wiki/Recession

Need a fast expert's response?

Submit order

and get a quick answer at the best price

for any assignment or question with DETAILED EXPLANATIONS!

Comments

No comments. Be first!

Leave a comment

Ask Your question

Submit
Privacy policy Terms and Conditions