What would economist say is always a cause of a recession

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Reference no: EM133456260

Question: Answer the following questions about recessions

1. no matter the specific events involved, what would economist say is always a cause of a recession? (think graph)

2. What direct harm will recessions cause in the lives of millions of ordinary people? Why does this harm occur?

3. what typically happens to the price level in an economy experiencing recession??

4. according to Adam Smith and "classical" economists, how do economies experiencing a recession recover? What happened? When does it happen?

Reference no: EM133456260

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