Question

What are the costs of a recession? ( I want the answer computer typing NOT handwriting)

Answer 1

The costs of Recession are:

• Expand in business
• Gross domestic product diminishes.
• Rate of unemployment rises..
• Housing prices decline.
• Recessions results in slow down of Economic activity
• Bankruptcies and unemployment rate rise.
• Governments respond to macro Economic policies such as increasing money supply, decreasing taxation etc.
• Many factors contribute to an Economy's fall in to a Recession,but the major cause is inflation.
• Inflation rise in the prices of goods and services over a period of time.

The higher the rate of inflation, the smaller the percentage of goods and services that can be purchased with the same amount of money.