What components of GDP tend to decline significantly during recessions (particularly during the 2008 recession), and what
Fantastic news! We've Found the answer you've been seeking!
Question:
What components of GDP tend to decline significantly during recessions (particularly during the 2008 recession), and what GDP components rise during expansion? What aspects of GDP are mostly affected when the economy slows down, and why?
Expert Answer:
During recessions like the one in 2008 several GDP components tend to decline significantly while expansionary periods see these components rise Heres ... View the full answer
Related Book For 
Posted Date:
