A recession is a period of economic decline, were the GDP shrinks, unemployment rises up, wages get stagnated and retail sales drop.
What the Federal Government normally do is apply Expansionary fiscal policies, to help elevate the demand levels, like <em>i</em><em>ncreasing government spending and reducing taxes</em>.
Thereby the answer is (b)
Answer:
The correct answer is B) Goods and services are produced and distributed.
Explanation:
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The turning point in the business cycle is called a recovery
Answer:
He did not want to feel above everyone else, in other words he did not want to feel like a king
Explanation: