Assignment 1
Recession is the decline of an economic activity that affects the growth and development of economy negatively. It leads to increased unemployment rates, fall in business profits, drop in the stock market, decrease in inflation rates and slowdown in the housing market among many others. The world experienced economic downfall in 2008 with United States of America being among the most affected countries by the recession. The recession affected negatively the economy of the U.S. For instance, it increased the unemployment rate within the nation. In addition, it led to low standards of living among the citizens following the Continue reading...
