Question

i need help it’s an emergency!! Formulate reasons as to why a recession might occur. Then, hypothesize how total economic output and prices will behave in the years following the recession.

Answer 1

Answer:

Although there are additional reasons, recessions might occur due to a drop in spending along with high interest rates. In economic recovery, incomes rise and unemployment falls.

hope this helps!

Answer 2

Some reasons that can cause a recession are:

• Drop in spending
• High interest rates

What is a Recession?

This refers to the economic situation where a country faces reduced trade activity as a result of a drop in spending.

Hence, we can see that some of the main causes of a drop in spending could be because of low wages, and the high cost of items and this leads to economic hardships.

Read more about recessions here:

https://brainly.com/question/1417711

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