Economics

Is Recession Macroeconomics Or Microeconomics?

Two consecutive quarters of negative GDP growth is the usual macroeconomic definition of a recession. When this happens, private companies often reduce production in order to reduce their exposure to systematic risk. As aggregate demand falls, measurable levels of spending and investment are likely to fall, putting natural downward pressure on prices. Companies lay off […]

Is Recession Macroeconomics Or Microeconomics? Read More »