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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: IQBAL LATIF who wrote (40162)7/9/2001 9:48:24 AM
From: IQBAL LATIF  Respond to of 50167
 
<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 trade. A recession begins just after the economy reaches a peak of output and employment 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; recessions are brief and relatively rare.>


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