Which best describes how a recession develops as demand and production decrease? …
The recession starts and stops. The recession feeds on itself.
What is one way governments try to encourage growth?
by stopping government spending
. by requiring firms to maintain production. by eliminating all tax breaks. Because by stopping government spending, the government will have more money available and this will encourage growth when the money is made available for those who need it the most.
Do you Recession What is one way governments try to encourage growth?
During a recession, what is one way governments try to encourage growth? …
Governments reduce spending
.
What are the characteristics of a recession?
- High interest rates, high inflation, or both. …
- “Real wages” don't buy as much.
Why might buying a home during a recession be good decision for some consumers?
Why might buying a home during a recession be a good decision for some consumers?
Housing prices are down
. Less demand means more options for buyers. Less demand means less competition with other buyers.
Which describes a factor that limits economic growth?
Which describes a factor that limits economic growth?
declining
.
Which best describes how a recession develops as demand and production decrease the recession enters a recovery?
Which best describes how a recession develops as demand and production decrease? …
The recession starts and stops.
Who benefits in a recession?
In a recession, the rate of inflation tends to fall. This is because unemployment rises moderating wage inflation. Also with falling demand, firms respond by cutting prices. This fall in inflation can benefit those on
fixed incomes or cash savings
.
What happens when economy is in recession?
A recession is a period of economic contraction, where
businesses see less demand and begin to lose money
. To cut costs and stem losses, companies begin laying off workers, generating higher levels of unemployment.
What are the general causes of recession?
- Economic shocks. An unpredictable event that causes widespread economic disruption, such as a natural disaster or a terrorist attack. …
- Loss of consumer confidence. …
- High interest rates. …
- Deflation. …
- Asset bubbles.
Which body or group is most able to use money?
The government
is the body or group that uses the expansionary or contractionary fiscal policy to influence the level of money in an economy. The government changes the government spending level and tax rate to influence the level of money supply in the economy.
Which indicators do economists use to determine the state of the economy?
One way in which economists measure the performance of an economy is by looking at a widely used
measure of total output called gross domestic product (GDP)
. GDP is defined as the market value of all goods and services produced by the economy in a given year.
Which describes a factor that limits?
A limiting factor is
anything that constrains a population's size and slows or stops it from growing
. Some examples of limiting factors are biotic, like food, mates, and competition with other organisms for resources.
Which conclusion can someone draw from the map?
What conclusion can someone draw from the map?
States with the lowest per capita GDP tend to be in the South
.
Which best describes what injector factors bring to an economic system?
Answering the question,
money
is the best injector factor to bring to an economic system. Money injected into the Economy through these sources helps the businesses to produce more goods and the consumers to buy more goods and services which also have a positive effect on the circular flow of economic activities.
