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Definition of Recession
Loosely speaking, a period of less-than-normal economic growth. Technically, a downturn in economic activity in which real GDP falls in two consecutive quarters.
Repetitive cycles of economic expansion and recession.
A repurchase agreement with a term of more than one day.
The transition point between economic recession and recovery.
The graphical depiction of the relationship between the yield on bonds of the same credit quality
A monetary policy of matching wage and price increases with money supply increases so that the real money supply does not fall and push the economy into recession.
Fluctuations of GDP around its long-run trend, consisting of recession, trough, expansion, and peak.
Falling during expansions and rising during recessions. A countercyclical policy stimulates during a recession and contracts during an expansion.
Unemployment that increases when the economy enters a recession and decreases when the economy enters a boom.
Not laying off redundant workers during a recession to ensure that skilled and experienced workers are available after the recession.
Economists who, like Keynes, believe that for good reason wages and prices are sticky and so prolong recessions, suggesting a need for government policy.
Increasing during booms and decreasing during recessions.
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