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Study with Quizlet and memorize flashcards containing terms like The NBER (National Bureau of Economic Research) officially dates, turning points, A RECESSION and more. Fresh features from the #1 AI-enhanced learning platform.
The NBER's definition emphasizes that a recession involves a significant decline in economic activity that is spread across the economy and lasts more than a few months. In our interpretation of this definition, we treat the three criteria—depth, diffusion, and duration—as somewhat interchangeable.
Study with Quizlet and memorize flashcards containing terms like 4 phases of the business cycle, How does NBER determine when an economy has entered into a recession?, How does the NBER determine when a recession has ended? and more.
23 gru 2023 · Study with Quizlet and memorize flashcards containing terms like GDP, What are the two definitions of recession?, Business cycle and more.
14 mar 2023 · US Business Cycle Expansions and Contractions. Contractions (recessions) start at the peak of a business cycle and end at the trough. Source NBER. Downloadable Excel File of Business Cycle Expansions and Contractions and .PDF version. JSON file format.
29 wrz 2010 · The recent recession, the longest since The Great Depression, lasted from December 2007 until June 2009, according to a Sept. 20 announcement from the National Bureau of Economic Research (NBER), the pre-eminent group calibrating the duration and depth of U.S. downturns.
15 sie 2022 · Q: What is a recession? What is an expansion? A: The NBER's traditional definition of a recession is that it is a significant decline in economic activity that is spread across the economy and that lasts more than a few months.
