If total output shows decline for two consecutive quarters, economists would classify this as a

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Business

Parker Holland

9 January, 07:52

If total output shows decline for two consecutive quarters, economists would classify this as a

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Reuben Ellis · Answer 1

This is something that economists would classify as a failed system. If the same things are taking place for both of the quarters and they both decline significantly, then economists would realize the model needs to change for production or value to go back up.