When the federal government makes no attempt to take corrective action,markets return a recessed economy to full employment levels of production by

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In a recessed economy with no corrective action from the federal government, markets will return to full employment levels of production by implementing a combination of methods such as laying off workers, lowering wages, and dropping prices. This is because businesses will try to cut costs to stay afloat and remain competitive, leading to downsizing and reducing expenses wherever possible. As a result, the labor market will become more favorable, leading to increased demand for jobs and higher levels of production in the long run.

When the Federal Government Makes No Attempt to Take Corrective