A recessionary gap occurs when an economy operates below the potential equilibrium level of full employment, leading to lower GDP and prices. It is often caused by a high exchange rate and results in reduced consumer investment and high unemployment. The gap can be closed through expansionary fiscal policy. A recessionary gap occurs when an […]
Recessive traits require two copies of the gene to manifest, while dominant traits only require one. Gregor Mendel first proposed the concept of dominant and recessive traits in genetics. Inheritance of genetic material from both parents creates homozygous or heterozygous alleles, with one allele remaining inactive in heterozygous individuals, representing a recessive trait. Mendel’s work […]
