Asked by
Destiny Townley
on Nov 30, 2024Verified
The recession of 2001 was caused by
A) endogenous factors.
B) exogenous factors.
C) equally by endogenous and exogenous factors.
D) neither endogenous and exogenous factors.
Recession Of 2001
A period of temporary economic decline during which trade and industrial activity were reduced, marked particularly by the bursting of the dot-com bubble.
Endogenous Factors
Internal factors that originate within an economic system or model and determine its behavior and state.
Exogenous Factors
External influences that can cause changes in an economic system, outside of the system’s control.
- Discriminate between the intrinsic and extrinsic triggers of economic recessions.
Verified Answer
KK
Learning Objectives
- Discriminate between the intrinsic and extrinsic triggers of economic recessions.