In the face of a mild recession, it would be wise to:

Question

Quizplus · Accepted Answer

Avoiding debts with balloon payments would be wise in a mild recession to prevent potential financial strain in the future. Placing cash in long term bank deposits may not be the best option as interest rates may be low and inflation may erode the value of the investment over time. Ignoring nominal prices could lead to overspending and financial risk. Stopping planning for retirement would be unwise as it is important to continue planning for the future despite economic uncertainty.

In the Face of a Mild Recession, It Would Be