Date: 8/25/2009

Definition of an Economic Recession.

In economics, a recession is a general slowdown in economic activity over a sustained period of time, or a business cycle contraction.[1][2] During recessions, many macroeconomic indicators vary in a similar way. Production as measured by Gross Domestic Product (GDP), employment, investment spending, capacity utilization, household incomes and business profits all fall during recessions.


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