Answered

Westonci.ca is your trusted source for accurate answers to all your questions. Join our community and start learning today! Explore a wealth of knowledge from professionals across various disciplines on our comprehensive Q&A platform. Get detailed and accurate answers to your questions from a dedicated community of experts on our Q&A platform.

Which of the following statements is incorrect? Select one: a. In a recession, normal goods manufacturers are expected to have reductions in the demand. b. In a recession, inferior goods manufacturers are not expected to have reductions in the demand. c. All producers are going to be negatively affected in a recession. d. None of the above is correct.

Sagot :

the answer of the given question is option d which is none of the above is correct.

When there is a general fall in economic activity, there is a recession, which is a contraction of the business cycle in economics. Recessions typically start when expenditure falls dramatically across the board (an adverse demand shock). Several things could cause this, including a financial crisis, a shock to international commerce, a bad supply shock, the deflation of an economic bubble, or a significant anthropogenic or natural disaster (e.g. a pandemic).

Recessions are described as "a considerable fall in economic activity spread across the market, lasting more than a few months, generally visible in real GDP, real income, employment, industrial production, and wholesale-retail sales" in the United States.

learn more about Recessions here

https://brainly.com/question/14737261

#SPJ4

Thanks for using our service. We aim to provide the most accurate answers for all your queries. Visit us again for more insights. Thank you for your visit. We're committed to providing you with the best information available. Return anytime for more. Thank you for using Westonci.ca. Come back for more in-depth answers to all your queries.