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4.6.3 Causes and consequences of recession

Unit 4.6.3 - Causes and consequences of recessionThis section of the Cambridge IGCSE Economics (0455) syllabus requires students to understand the meaning of recession and how a recession moves the economy within its PPC.Economic growth can be shown diagrammatically by shifting an economy"s production possibility curve (PPC) outwards to the right (see below). In the diagram below, economic growth is shown by the outward...

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