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Why sending money to the neediest can boost the US economy

In response to the shock of the COVID-19 pandemic, Congress pumped trillions of dollars into the economy in the form of stimulus checks, expanded unemployment benefits, and targeted spending to bolster specific industries ...

Tracking inequality in real time

UC Berkeley economists have launched a powerful new web tool that allows users to track, almost in real time, how economic growth and public policy affect the distribution of income and wealth among classes in the United ...

Race, not job, predicts economic outcomes for Black households

During the decade-long economic recovery following the Great Recession, Black households lost much more wealth than white families, regardless of class or profession, according to new research from Duke University's Samuel ...

Study on traffic deaths makes strong case for remote work

The COVID-19 pandemic has sparked renewed interest in remote work arrangements, which also could help improve occupational and traffic safety, according to a study by researchers at Florida Atlantic University and the University ...

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In economics, a recession is a general slowdown in economic activity over a sustained period of time, or a business cycle contraction. During recessions, many macroeconomic indicators vary in a similar way. Production as measured by Gross Domestic Product (GDP), employment, investment spending, capacity utilization, household incomes and business profits all fall during recessions.

Governments usually respond to recessions by adopting expansionary macroeconomic policies, such as increasing money supply, increasing government spending and decreasing taxation.

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