Progressive economists argue that recessions and depressions occur when

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Progressive economists argue that recessions and depressions occur when there is insufficient demand to purchase the available supply. This leads to a decrease in production and employment, further reducing demand in a downward spiral. An unexpected outside shock can trigger the recession, but it is not the root cause. Government intervention and the issuance of currency are also not considered main causes of recessions by progressive economists.

Progressive Economists Argue That Recessions and Depressions Occur When