Name Two Macroeconomic Variables That Decline When an Economy Goes

question 172

Essay

Name two macroeconomic variables that decline when an economy goes into recession, and name one macroeconomic variable that rises.

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Definitions:

Task Assignment

The process of allocating specific jobs or duties to individuals or teams.

Takt Time

The average time between the start of production of one unit and the start of production of the next unit, matching the rate of production to the rate of customer demand.

Productive Work

Work or activities that directly contribute to producing goods or services, as opposed to administrative or support functions.

Home Theatre

describes an entertainment setup designed for use at home to mimic the experience of being in a movie theater, typically including components like a large screen and surround sound system.