Chapter
The Behavioral Component of a Recession
The fear of a recession can often become a self-fulfilling prophecy as consumers and businesses change their behavior in response to market downturns. The stock market began to decline in October 2021, leading to potential job losses and a ripple effect throughout the economy.
Clips
The stock market started declining in October 2021 and the fear of a recession caused people to tighten their belts and potentially perpetuated the recession further due to the behavioral component of the economy.
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Summary
The stock market started declining in October 2021 and the fear of a recession caused people to tighten their belts and potentially perpetuated the recession further due to the behavioral component of the economy.