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Essay

Why an economy may enter a recession

Essay specific features

 

Issue:

Social Issues

 

Written by:

Mathew B

 

Date added:

March 31, 2014

 

Level:

College

 

Grade:

A

 

No of pages / words:

1 / 240

 

Was viewed:

6198 times

 

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Essay content:

The falling level of output, lower sales and production means firms will reduce employment. If a long and deep recession occurs, and unemployment rises above the natural rate by the time the recovery happens, the natural rate will rise A more adverse cause of a recession, and the worst scenario for a government is a negative aggregate supply shock...
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This can happen due to an increase in production costs from a rise in prices, of oil or crops for example. At an increased production cost, firms are less willing to supply goods and services at any given price level. The result is that the supply curve shifts to the left from AS to AS1. AD moves along its curve to meet AS at a new equilibrium...
displayed 300 characters

General issues of this essay:
A Report On Emission In Negative Externality And Price Elasticity Of Demand Of Petroleum AGGREGATE DEMAND AND SUPPLY Aggregate Demand And Supply Forecasting Oil Price and Demand Price Elasticity of Demand Price Elasticity of Demand Price Elasticity of Demand Price elasticity of demand Products, Services, and Prices in the Free Market Economy: Price Elasticity of Demand Supply, Demand, and Price Supply, Demand, and Price Aggregate Demand Supply Demand Price Supply, Demand and Price Why an economy may enter a recession
 

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