Economy, asked by GUYJPUGLIA9756, 9 months ago

What is nber definition of a recession?

Answers

Answered by Utkarshkesharwani933

Explanation:

The NBER, a private economic research organization, defines an economic recession as: "a significant decline in economic activity spread across the economy, lasting more than a few months, normally visible in real GDP, real income, employment, industrial production, and wholesale-retail sales".

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