what is consecutive evnomics
Answers
i suppose that's economics.
Recessions generally occur when there is a widespread drop in spending (an adverse demand shock). This may be triggered by various events, such as a financial crisis, an external trade shock, an adverse supply shock or the bursting of an economic bubble. Governments usually respond to recessions by adopting expansionary macroeconomic policies, such as increasing money supply, increasing government spending and decreasing taxation.
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Answer :
A contraction generally occurs after the
business cycle peaks, but before it
Becomes a trough. According to most
Economists, when a country's real gross
Domestic procdut ( GDP ) - The
Most - Wached indicator of economic
Contraction - has declined for two or
More consecutive quarters, then a
Contraction has occurred. ☺
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