Ilustrate what is the official definition of a recession


Definition and explanation of recession.

Ilustrate what is the official definition of a recession? (Please use the definition in the chapter, not the definition in the glossary.) Are we in Recession? Were we in a recession during the last three years? (Please indicate the correct definition of a recession and answer appropriately; also, please specify the appropriate quarters.)

 

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Business Economics: Ilustrate what is the official definition of a recession
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