1 April, 02:56
Which best describes how a recession develops as demand and production decreases?
1 April, 04:00
As the demand decreases, production also decreases. Due to this, products, goods, and services will have higher prices. Less people are required in the work force, resulting to lay-offs and rise of the unemployment rate. Consequently, the rate of investment also drops. All of this downgrading best describes how a recession develops.
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