During a 'Recession' phase of the business cycle, the rate of GDP increase is negative and the rate of unemployment is higher.

Authors

• Person: Not available Organization: Nicolet College
  Systemic or “Macro” Factors that Affect Financial Thinking

Sources

• Systemic or “Macro” Factors that Affect Financial Thinking nicoletcollege.pressbooks.pub Nicolet College via serper

Referenced by nodes (4)

• GDP concept
• recession concept
• business cycle concept
• unemployment concept