Impact of Recession on World Economy

Contents: Preface. 1. Introduction to recession. 2. Depression and stagflation. 3. Bankruptcy. 4. Societal collapse and sustainable agriculture. 5. Real versus nominal value (economics). 6. Constant purchasing power accounting. 7. Deflation. 8. Macroeconomics. 9. Neoliberalism. Index.
 
"In economics a recession is a general slowdown in economic activity over a long period of time, or a business cycle contraction. During recession, many macroeconomic indicators vary in a similar way. Production as measured by Gross Domestic Product (GDP), employment, investment spending, capacity utilisation, household incomes, business profits and inflation all fall during recession; bankruptcies and the unemployment rate rises.

Government usually respond to recession by adopting expansionary macroeconomic politics such increasing money supply, increasing government spending and decreasing taxation." (jacket)