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Recession and Depression
Discuss the definition of and causes of recession and depression, including factors such as inflation, tax rates, interest rates, unemployment, increased debt and consumer perception of the economy. Give examples of ways that individuals or small businesses can take precautions to protect themselves in case of a recession or depression. Discuss how a recession or depression can affect supply and demand, and what effects a shift in supply and demand can have on small businesses and entrepreneurs.
This document contains various important questions and their appropriate answers in the subject field of Economics.
Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.
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The case study of the Fisher-Price Toys, Inc., a popular case in basic economics and management from the prestigious Harvard Business School.
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Calculate gross national product and net national product
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