What Is a Recession, Who Decides When It Starts, and When Do They Decide?

Author / Creator

Library of Congress. Congressional Research Service

Available as

Online

Summary

Examines definition of "recession," explains role of National Bureau of Economic Research in determining when economy is in a recession, reviews time lag associated with the release of Gross Domest...

Examines definition of "recession," explains role of National Bureau of Economic Research in determining when economy is in a recession, reviews time lag associated with the release of Gross Domestic Product data regarding business cycle turning points, and considers rhetorical and analytical significance.

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