Answer:
Economic recession, in historical and governmental matters, is when the U.S economy experiences a sudden drop in activity
Explanation:
To react to economic recession, Congress takes certain actions to stop it.
They may get rid of government services they deem 'unnecessary' in anyway, or they will lower the national budget, they may even raise taxes on certain goods.
Answer: An economic recession is a significant decline in economic activity, real GPD, real income, employment, industrial production, and sales following a decline in the aggregate demand for at least two quarters.
Explanation:
In economics, a recession is a business cycle contraction when there is a general decline in economic activity. Recessions generally occur when there is a widespread drop in spending (an adverse demand shock). This may be triggered by various events, such as a financial crisis, an external trade shock, an adverse supply shock, a pandemic or the bursting of an economic bubble. In the United States, it is defined as "a significant decline in economic activity spread across the market, lasting more than a few months, normally visible in real GDP, real income, employment, industrial production, and wholesale-retail sales". In the United Kingdom, it is defined as a negative economic growth for two consecutive quarters.
