[Home]Recession

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A recession is defined by a fall of a country's [Gross National Product]? in two successive quarters. Combined with inflation this process is known as stagflation.

Recessions are mostly caused by economic shocks. The greatest, worldwide recession that humanity has ever experienced was the Great Depression (late 1920s and 1930s); other notable recessions include the [Oil Crisis]? in the 1970s.

Q: Can someone please answer this question. Money cannot be created or destroyed. So what happens to all the money during a recession. Suppose you have 250 million people living in a huge hall and there is a recession in the hall, no money went into or left the hall. So where did all the money go?


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Edited July 27, 2001 2:24 pm by 203.36.147.xxx (diff)
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