Difference between revisions of "Recession"

Latest revision as of 11:35, 12 July 2020

Recession is a significant decline in national output.

Recession. A significant decline in national output.

Recession. A sustained period of falling real income.

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

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 :[[Recession]]. A significant decline in national output.
 According to [[Macroeconomics by Mankiw (7th edition)]],
-:[[Real money balances]]. The quantity of money expressed in terms of the quantity of goods and services it can buy; the quantity of money divided by the price level (M/P).
+:[[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.
-[[Category: Economics]][[Category: Articles]]
+[[Category: Economics]][[Category: Articles]][[Category: Strategic Management]]