What causes an economic recession?
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1. Business cycles involve fluctuations around full employment real GDP. List and explain at least three of the possible causes. Demand for goods and services is more or less than the firm.
2. If the Great Recession bottomed in 2009, about when would you guess that the next recession would occur?
3. What are the leading economic indicators that might signal the onset of the next recession?
4. Is supply-side economic activity more important than demand-side economic activity when it comes to predicting changes in the direction of the economy?
What are the factors that causes recession?
Explain the causes of the recent recession and when it started, and when it technically ended, finally, why the recent recession was called the worst recession after the great depression.