How does an economic depression affect employment?

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asked Sep 15, 2022 210k views

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Myckhel · Answer 1 · 2022-09-18T18:22:16+0000

Answer: A recession is a period of economic contraction, where businesses see less demand and begin to lose money. To cut costs and stem losses, companies begin laying off workers, generating higher levels of unemployment.

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How does an economic depression affect employment?

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