contestada

if the economy has just experienced a severe recession, which type of fed policymaker would be more focused on a quick recovery?

Respuesta :

If the economy has just experienced a severe recession, Doves and Hawks would be more focused on a quick recovery.

What is Recession?

A recession is a significant, widespread, and prolonged downturn in economic activity. A common rule of thumb is that two consecutive quarters of negative gross domestic product (GDP) growth mean recession, although more complex formulas are also used.

Economists at the National Bureau of Economic Research (NBER) measure recessions by looking at nonfarm payrolls, industrial production, and retail sales, among other indicators, going far beyond the simpler (although not as accurate) two quarters of negative GDP measure.

To know more about Recession, click on the link given:

https://brainly.com/question/1417711

#SPJ4