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发帖数: 6 | 1 Recession's definition:
"A recession is a significant decline in activity spread across the economy,
lasting more than a few months, visible in industrial production, employment,
real income, and wholesale-retail sales. A recession begins just after the
economy reaches a peak of activity and ends as the economy reaches its trough.
Between trough and peak, the economy is in an expansion. Expansion is the
normal state of the economy; most recessions are brief and they have been rare
in recent deca |
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