Explain the causes behind decreasing the …

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Explain the causes behind decreasing the causes contributin

Posted by Aastha Mistry 5 years, 4 months ago

CBSE > Class 10 > Social Science

1 answers

Prajnasree Behera 5 years, 4 months ago

The National Bureau of Economic Research (NBER) defines a recession as "a significant decline in economic activity spread across the economy, lasting more than a few months, normally visible in the real gross domestic product (GDP), real 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 unemployment rises, and housing prices decline.

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