Understanding Recession and Slow Session

What is a key difference between a recession and a slow session?

• A slow session is a more severe economic downturn than a recession.

• A recession involves significant job losses, whereas a slow session is less severe.

• A slow session results in more business closures than a recession.

• A recession is a time of economic growth, while a slow session is not.

Which factor could help prevent a full-blown recession?

• Raising taxes significantly

• Decreasing consumer spending

• Increasing inflation rates

• Lowering inflation and maintaining spending

How can government decisions impact the economy during uncertain times?

• By reducing business investments

• By increasing unemployment rates

• By making smart economic policies

• By ignoring economic challenges