Question
Download Solution PDFWhich of the following is not a sign that is due to a recession?
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFKey Points
- "Inflation in inflation" is not a sign of a recession; it is a typographical or conceptual error. Recession typically involves a slowdown in economic activity, not a redundancy in terms.
- Decrease in employment rates signifies a recession as companies lay off employees due to reduced business activities.
- Industry starts reducing prices to stimulate demand, which can be a response to recession-induced reduced consumer spending.
- A normal decline in demand is a characteristic of an economic downturn, where consumers and businesses cut back on spending.
Additional Information
| Option | Details |
|---|---|
| Option 1 | Decrease in employment rates is a common effect of a recession as businesses cut costs. |
| Option 2 | Industries reducing prices can be a strategy to boost sales during economic downturns. |
| Option 4 | A decline in demand is typical in recessions, as consumer confidence and spending decrease. |
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