The New Normal Part 7: The Impact & Probable Outcome

June 11, 2020, by Sara McPherson

While economists might not agree on an exact definition or formula for recession, most everyone understands the basics of what one is: a general slowdown in economic activity. Usually, this is due to a decrease in demand relative to the growth in supply. There can be any number of reasons for the former, but there is only one real remedy: slowing the growth in supply in order to reach the market equilibrium price for demand. 

 

 

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