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Explain what being in a recession means

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Reference no: EM133051762

This week's City Council Scenario: Despite your best efforts, the region is falling into a recession.

  • Explain what being in a recession means using the AD/AS framework.
  • The council is wanting to encourage the community to spend more money. The community is concerned about their finances and want to save in instead. Convince the community to increase consumption using the AD/AS framework.

Reference no: EM133051762

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