Asked by
Colleen Rohlehr
on Nov 16, 2024
Verified
Recessions occur at irregular intervals and are almost impossible to predict with much accuracy.
Recessions
Episodes of brief economic downturn where business and manufacturing activities decline, usually signaled by a decrease in the GDP for two back-to-back quarters.
- Comprehend the correlation between economic output, unemployment rates, and cyclical business variations.
- Recognize the causes and consequences of economic variability.
Verified Answer
DM
Learning Objectives
- Comprehend the correlation between economic output, unemployment rates, and cyclical business variations.
- Recognize the causes and consequences of economic variability.
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