Difference between revisions of "Recession"

Revision as of 18:51, 2 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.

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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.
 [[Category: Economics]][[Category: Articles]]