The Role Of Recession In The United States
The US economy went into recession in March 2001 and in response, the government introduced a tax rebate programme which amounted to cheques of $300 or $600 being sent to about 2/3 of US households. The aim was to mitigate the recession. What would consumption theories discussed predict to be the outcome?
A recession is a prolonged period of time when a nation's economy is slowing down, or contracting. Such a slow-down is characterized by a number of different trends, including: * People buying less stuff * Decrease in factory production * Growing unemployment * Slump in personal income * An unhealthy stock market
In 2001, when the government introduced a tax rebate program which amounted to cheques of $300 or $600 being
A recession is a prolonged period of time when a nation's economy is slowing down, or contracting. Such a slow-down is characterized by a number of different trends, including: * People buying less stuff * Decrease in factory production * Growing unemployment * Slump in personal income * An unhealthy stock market
In 2001, when the government introduced a tax rebate program which amounted to cheques of $300 or $600 being