Way that economic factors can affect each other

Reference no: EM133706804

Question: The economic factors that have led to the Great Recession are related to each other in many ways. The most obvious way is that when one factor decreases, another increases. For example, if a country's GDP decreases, it will likely also see an increase in unemployment. Another way that economic factors can affect each other is through their effect on prices. When unemployment increases, for example, this can lead to increased inflation.

Reference no: EM133706804

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