Demand-Side Policies and the Great Recession of 2008

added article Economics

2021-04-21 12:19:04 - Translate

The recession is a period of overall economic decline that is normally accompanied by an increased rate of unemployment, as well as a decline in the stock market and the housing market. It happens due to the reduction in gross domestic product. In most circumstances, the governments change the aggregate demand (AD) through either fiscal or monetary policies to reduce the effects of the...

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