Ceteris paribus,serious recessions in the economies of our major trading partners will tend to:

Question

Quizplus · Accepted Answer

Serious recessions in our major trading partners will tend to depress real output and employment in our economy. This is because there will be reduced demand for our goods and services from these trading partners, leading to a decline in exports and ultimately resulting in lower economic activity in our own country.

Ceteris Paribus,serious Recessions in the Economies of Our Major Trading