Difference between revisions of "Recession"

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(Created page with "Recession is a significant decline in national output. ==Definition== According to Principles of Economics by Timothy Taylor (3rd edition), :Recession. A signific...")
 
 
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According to [[Principles of Economics by Timothy Taylor (3rd edition)]],
 
According to [[Principles of Economics by Timothy Taylor (3rd edition)]],
 
:[[Recession]]. A significant decline in national output.
 
:[[Recession]]. A significant decline in national output.
 +
According to [[Macroeconomics by Mankiw (7th edition)]],
 +
:[[Recession]]. A sustained period of falling real income.
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According to the [[Strategic Management by Parnell (4th edition)]],
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:[[Recession]]. A decline in a nation's GDP for two or more consecutive quarters.
  
  
[[Category: Economics]][[Category: Articles]]
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[[Category: Economics]][[Category: Articles]][[Category: Strategic Management]]

Latest revision as of 11:35, 12 July 2020

Recession is a significant decline in national output.

Definition

According to Principles of Economics by Timothy Taylor (3rd edition),

Recession. A significant decline in national output.

According to Macroeconomics by Mankiw (7th edition),

Recession. A sustained period of falling real income.

According to the Strategic Management by Parnell (4th edition),

Recession. A decline in a nation's GDP for two or more consecutive quarters.