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4min chapter
302 recessions, depressions, causes, protections
Dev Raga Personal Finance
Introduction
Dev Raga, Shelly Johnson and Lynn James go through the concept of a recession. A business cycle is when businesses expand driven by rise and consumer demand. This can happen over a period of months to years before peaking. The third stage is contraction - this is when the economy retracts. At each stage there should be policy responses usually from governments. And if you want me to discuss a specific topic, please contact me via Twitter or via Facebook.
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