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Explain the causes behind decreasing the causes contributin |
| Answer» The National Bureau of Economic Research\xa0(NBER) defines a\xa0recession\xa0as "a significant decline in economic activity spread across the economy, lasting more than a few months, normally visible in the\xa0real gross domestic product\xa0(GDP),\xa0real income, employment, industrial production, and wholesale-retail sales." A recession is also said to be when businesses cease to expand, the GDP diminishes for two consecutive quarters, the rate of\xa0unemployment rises, and housing prices decline. | |