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___________________ may lead to the formation or falloff the government. {give one word ans} |
Answer» <html><body><p><strong>Answer:</strong></p><p>What is a Recession?</p><h2>A recession is a macroeconomic term that <a href="https://interviewquestions.tuteehub.com/tag/refers-1181652" style="font-weight:bold;" target="_blank" title="Click to know more about REFERS">REFERS</a> to a significant decline in general economic activity in a designated region. It had been typically recognized as two <a href="https://interviewquestions.tuteehub.com/tag/consecutive-929616" style="font-weight:bold;" target="_blank" title="Click to know more about CONSECUTIVE">CONSECUTIVE</a> quarters of economic decline, as reflected by GDP in conjunction with monthly indicators such as a rise in unemployment. However, the National Bureau of Economic Research (NBER), which officially declares recessions, <a href="https://interviewquestions.tuteehub.com/tag/says-1195457" style="font-weight:bold;" target="_blank" title="Click to know more about SAYS">SAYS</a> the two consecutive quarters of decline in real GDP are not how it is defined anymore. The NBER defines a recession as a significant decline in economic activity <a href="https://interviewquestions.tuteehub.com/tag/spread-1222907" style="font-weight:bold;" target="_blank" title="Click to know more about SPREAD">SPREAD</a> across the economy, lasting more than a few months, normally visible in real GDP, real income, employment, industrial production, and wholesale-retail sales.</h2></body></html> | |