Recession

From Conservapedia

A recession implies at least two quarters of negative economic activity. [1] It is a increase in an economy's unemployment; output and profits fall; personal income falls.

There may also be a decline in personal and business optimism, and a decline in the rate of consumption and capital investment in business activity.

Recessions are defined using a number of advanced indicators by the National Bureau of Economic Research, a private think tank that includes both conservative and liberal economists.^[1]

As a rough rule of thumb, a recession is underway when there is a decline in gross domestic product (GDP) for two consecutive quarters.

Contents 1 Remedies 2 See also 3 External link 3.1 references

Remedies

Several strategies exist for dealing with recession:

• Keynesian economics indicate deficit spending by government will deal with any short term losses by business.
• Supply-side economics indicate government tax cuts will promote business capital investment.
• laissez-faire economics recommend the government do nothing and not interfere with market forces.

See also

• Recession of 2008
• Bank run
• Financial Crisis of 2008
• Great Depression
• Panic of 1837
• Panic of 1893
• Panic of 1907

External link

• US Business Cycle Expansions and Contractions, official NBER dates

references

1. ↑ See US Business Cycle Expansions and Contractions