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Macroeconomics 11th Edition by Stephen Slavin
Edition 11ISBN: 978-0077641559Macroeconomics 11th Edition by Stephen Slavin
Edition 11ISBN: 978-0077641559 Exercise 2
Since the end of World War II there have been_____ recessions.
Explanation
Verified
Verified
Recession is a phase of business cycle and there is decline in all economic activities like fall in growth rate of GDP, rise in unemployment rate etc.
Since World War-II, the economy has faced around 12 recessions of varying length and severity. 9 out of these 12 recessions lasts for only 6 to 12 months.
Conclusion
Thus, there have been 12 recessions since the World War-II.
Since World War-II, the economy has faced around 12 recessions of varying length and severity. 9 out of these 12 recessions lasts for only 6 to 12 months.
Conclusion
Thus, there have been 12 recessions since the World War-II.
Macroeconomics 11th Edition by Stephen Slavin
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