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Recession, Depression, Insolvency, Bankruptcy, and Federal Bailouts (Government Series)

Marc Labonte, Patrick Purcell




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 | #8715021 in Books |  2009-07-20 | Original language:English | PDF # 1 |  11.02 x.69 x8.27l,1.65 | File type: PDF | 332 pages

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There is no simple rule-of-thumb to determine when recessions begin or end. Recessions are officially declared by the National Bureau of Economic Research (NBER), a non-profit research organization. The NBER defines a recession as a "significant decline in economic activity spread across the economy, lasting more than a few months" based on a number of economic indicators, with an emphasis on trends in employment and income. According to the NBER, the U.S. economy ent...

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