Comments on: It’s official: We’re in a recession http://minnesotaindependent.com/18940/its-official-were-in-a-recession News. Politics. Media. Wed, 30 Nov 2011 23:48:28 +0000 hourly 1 http://wordpress.org/?v=3.1 By: Jason http://minnesotaindependent.com/18940/its-official-were-in-a-recession/comment-page-1#comment-19688 Jason Tue, 02 Dec 2008 02:50:49 +0000 http://minnesotaindependent.com/?p=18940#comment-19688 According to Keynes, the root cause of an economic downturns is an insufficient aggregate demand. When the total demand for goods and services declines, businesses throughout the economy see their sales fall off. Lower sales induce firms to cut back production and to lay off workers. Rising unemployment and declining profits further depress demand, leading to a feedback loop with a very unhappy ending. http://nomedals.blogspot.com According to Keynes, the root cause of an economic downturns is an insufficient aggregate demand. When the total demand for goods and services declines, businesses throughout the economy see their sales fall off. Lower sales induce firms to cut back production and to lay off workers. Rising unemployment and declining profits further depress demand, leading to a feedback loop with a very unhappy ending.

http://nomedals.blogspot.com

]]>