Recessions are associated with lower incomes, rising unemployment, and falling profits.

a. true

b. false

Question

Business

Brendan Huerta

4 August, 09:07

Recessions are associated with lower incomes, rising unemployment, and falling profits.

a. true

b. false

+4

Answers (1)

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Amir Osborne · Answer 1

Recession is a period of temporary economic decline. At this time, trade and industrial activity are reduced, causing unemployment, low incoms and falling profits. Social crises, especially affecting healthcare and pension insurance schemes are common, with special negatie effect to vulnerable social populations as disabled or elderly.

Recessions are associated with lower incomes, rising unemployment, and falling profits.a. trueb. false

Recessions are associated with lower incomes, rising unemployment, and falling profits.

a. true

b. false