Economic Recession Theory In economics, a recession is a business cycle contraction which results in a general slowdown in economic activity. Macroeconomic indicators such as GDP (gross domestic product), investment spending, capacity utilization, household income, business profits, and inflation fall, while bankruptcies and the unemployment rate rise. In the United Kingdom, it is defined as a negative economic growth for two consecutive quarters. Recessions generally occur when there is a widespread
and knowing about these tendencies can “mitigate their effect in our narrative thinking” (Goldie 2012). Assuming that we have these tendencies then allows us to ascertain their effect on media and whether these tendencies are appropriate. In this essay I will examine the four tendencies put forward by Goldie and their effect on media, through the lens of the May 2014 mass shooting in Isla Vista which saw these tendencies applied by the media in order to create a line of narrative thinking. Goldie’s