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is headed for a recession.
One of the first indicators of a looming recession is the decline in homebuilding, employment, and consumer spending. These characteristics are certainly representative of a bust, affecting consumption in the expenditure approach. Another good indicator is that orders to U.S. factories “fell more than forecast” (Lanman). This shows that the economy did not correctly account for the reduction of exports, which also affects the expenditure approach. Finally, according to the article, the economy was said to have grown .6% in the last quarter of 2007, and then only ...
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Common topics in this essay:
- Government Expenditures In Recession
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