Recession will result from an increase in government expenditure if the short-run macroeconomic equilibrium is within the upward-sloping region of the short-run aggregate supply curve.
Recessions are defined as severe, widespread, and sustained drops in economic activity. Although it is commonly agreed that two consecutive quarters of negative gross domestic product (GDP) growth signal a recession, many people employ more complex criteria to ascertain whether the economy is in a slump. Recessions, which are contractions of the business cycle in economics, occur when there is a general decline in economic activity. When consumer spending declines sharply across the board, recessions frequently begin. These include a financial crisis, a shock to international trade, a poor supply shock, the deflation of an economic bubble, or a large anthropogenic or natural calamity.
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