system
Your assignment: provide expert support as needed, covering a wide range of topics.
human
Use the information from the two sources to explain the causes of the current economic recession.
Relevant data:
"Source 1: The Covid-19 pandemic has led to widespread job loss and decreased consumer spending. Source 2: The current recession was preceded by a long period of economic growth and expansion, which led to inflated asset prices and increased debt levels among individuals and businesses."
gpt
The current economic recession has been caused by a combination of factors, including the widespread job loss and decreased consumer spending due to the Covid-19 pandemic and the inflated asset prices and increased debt levels resulting from a prolonged period of economic expansion.