Question
The economy of Country Z is in a recession, with
declining GDP, rising unemployment, and low consumer and business confidence. The government is considering implementing expansionary fiscal policies to stimulate the economy. Which of the following is NOT a typical characteristic of a recession?Solution
Recessions are typically characterized by declining GDP, rising unemployment, low confidence, and reduced investment. Inflation tends to decrease or stabilize during recessions due to lower demand.
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2. They didn't believe in sup...
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