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What are the results when an economy retracts?IM STUDYING ECONOMICS, SO CONFUSED PLS HELP

2 Answers

3 votes

When the economy retracts, production begins to recover and output starts to rise. Consequently, unemployment begins to fall as more jobs are created and more goods and services are produced by businesses. Also, confidence begins to rise leading to recovery of consumer spending

answered
User Roych
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6 votes

When the economy retracts, production begins to recover and output starts to rise. Consequently, unemployment begins to fall as more jobs are created and more goods and services are produced by businesses. Also, confidence begins to rise leading to recovery of consumer spending

answered
User Ervis Trupja
by
7.8k points
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