782.Recessions in the United States have a long history in the United States, demonstrating that they...

 

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782.Recessions in the United States have a long history in the United States, demonstrating that they are a normal, albeit painful, component of the business cycle. When a recession begins and ends, the National Bureau of Economic Research determines it. Recessions are defined by the gross domestic product (GDP), which is measured by the Bureau of Economic Analysis. The unemployment rate is reported by the Bureau of Labor Statistics. Because unemployment is a lagging economic indicator, it generally rises after a recession ends. Most firms will not hire permanent personnel until they are confident that the economy is on its feet again. Explain the recession of 1973-75, 1970 ,1960,1957,1953, 1949, 1945. 750 words. 782.Recessions in the United States have a long history in the United States, demonstrating that they are a normal, albeit painful, component of the business cycle. When a recession begins and ends, the National Bureau of Economic Research determines it. Recessions are defined by the gross domestic product (GDP), which is measured by the Bureau of Economic Analysis. The unemployment rate is reported by the Bureau of Labor Statistics. Because unemployment is a lagging economic indicator, it generally rises after a recession ends. Most firms will not hire permanent personnel until they are confident that the economy is on its feet again. Explain the recession of 1973-75, 1970 ,1960,1957,1953, 1949, 1945. 750 words.

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Answer 782 1973 75 From November 1973 through March 1975 the recession lasted 16 months Although the OPEC oil embargo is credited for quadrupling oil ... View the full answer