Define recession, and discuss the impact of recessions on workers and businesses

Micro Economics.
December 25, 2020
What are the different “communication models” for the EPG and what are the benefits and/or limitations of each?
December 25, 2020

1.       Compare and contrast potential GDP and real GDP.

2.       Define the unemployment rate, and distinguish between the different types of unemployment.

3.       Explain the trade-off between unemployment and inflation.

4.       Define recession, and discuss the impact of recessions on workers and businesses.

5.       List the possible causes of recession.