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svetoff [14.1K]
3 years ago
9

How would recession effect the economic

Business
1 answer:
Virty [35]3 years ago
6 0

Answer:

Recession cause standard monetary and fiscal effects.

Explanation:

Recession impact all kinds of business, large and small,due to tightening credit conditions, slower, demand, and general fear and uncertainty.

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So Lionel will be able to deduct $1,650 as interest expense (above the line deduction).

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