Question
What should be done in an economy to reduce the effects
of recession?Solution
A recession is a significant decline in economic activity, lasting more than a few quarters. There is a drop in the following five economic indicators: real GDP, income, employment, manufacturing, and retail sales. However, usually a negative GDP growth rate for 2 consecutive quarters is considered as recession. To counter a recession expansionary monetary and fiscal policy should be used. E xpansionary monetary policy will increase the money supply and reduce interest rates. This will reduce cost of borrowing and encourage business investment. Fiscal policy should also be expansionary. When the country is in a recession , the government will increase spending, reduce taxes, or do both to expand the economy.
What is a "token" in lexical analysis?
Which of the following is an unsupervised neural network?
What is a primary key in the context of the ER model?
Which type of memory is directly accessible by the CPU for storing data and instructions during execution?
What is the primary purpose of memory management in an operating system?
In Generative Adversarial Networks (GANs), which component generates realistic data samples?
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Which type of polymorphism is achieved through inheritance and method overriding?
Which of the following is an example of an active electronic component?
Which relationship type indicates that an entity is associated with at least one instance of another entity?
