Illustrate what does the term recession mean and how do we, Ask an Expert

Economics

Gross Domestic Product and Recession

What is "Gross Domestic Product" (GDP), and how is it determined each month? What does the term "Recession" mean and how do we know when one occurs? How does government intervene to move the economy out of a recession?

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Macroeconomics, Economics

Category:- Macroeconomics
Reference No.:- M9211203

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