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In 2008 we had a recession. A recession is a period of economic decline where the GDP will fall in two successive quarters. Give two
- In 2008 we had a recession. A recession is a period of economic decline where the GDP will fall in two successive quarters. Give two examples of how, through the ripple effect, a recession can hurt individuals and businesses.
- The recession in 2008 hit the auto industry particularly hard. One plant employed over 1,000 people before it closed leaving all of them without a job. How do you think the ripple effect can be used to describe what happened after the closing of the auto plant?
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During a recession the ripple effect can have widespread negative consequences for individuals and businesses beyond the initial economic decline Here ...
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Modern Principles of Economics
Authors: Tyler Cowen, Alex Tabarrok
3rd edition
1429278390, 978-1429278416, 1429278412, 978-1429278393
