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1 year ago

If short-run equilibrium output equals 20,000 and full employment equals 25,000, then this economy has a(n):________

1 answer:

5 0

If short-run equilibrium output equals 20,000 and full employment equals 25,000, then this economy has recessionary.

There have been 48 recessions in the United States dating back to the Articles of Confederation, and economists and historians determine that the 19 recessions before the Great Depression were bigger than since the end of World War II.

The health of the country's agricultural and industrial production, consumption, business investment, and banking sectors contributed to these declines.

The US recession is weighing more heavily on economies around the world, especially as national economies become more and more interdependent.

learn more about recessions here; brainly.com/question/532515

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