Question

discuss the causes and effects of economic crisis​

Answer 1

Answer:

Factors that cause a recession include high interest rates, reduced consumer confidence, and reduced real wages. Effects of a recession include a slump in the stock market, an increase in unemployment, and increases in the national debt.

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Answer 2

Answer:

High unemployment levels can result from an economic crisis in action or can be one of the causes of it. An economic crisis can occur when high interest rates, tight lending and a decrease in consumer spending results in companies letting go of employees to survive the economic downturn.