Recession A recession is defined as a period of two or more successive quarters of decreasing production. Production is measured by a number of variables. Real Gross Domestic Product is one important measure. We will focus mainly on it.
The Great Depression was a period of about 10 years, 1929-1940, dominated by two recessions. The first of those recessions was of unparalleled depth, and that was what caused people to refer to it as a depression and as "The Great Depression." There is no general definition of a depression, however, and until recently the decline of 1929-1940 was the only decline refered to as a "depression." More... http://william-king.www.drexel.edu/top/prin/txt/probs/reces1.html Your friend and brother, John W. Redelfs, [EMAIL PROTECTED] ///////////////////////////////////////////////////////////////////////////// /// ZION LIST CHARTER: Please read it at /// /// http://www.zionsbest.com/charter.html /// ///////////////////////////////////////////////////////////////////////////// ==^================================================================ This email was sent to: firstname.lastname@example.org EASY UNSUBSCRIBE click here: http://topica.com/u/?aaP9AU.bWix1n Or send an email to: [EMAIL PROTECTED] T O P I C A -- Register now to manage your mail! http://www.topica.com/partner/tag02/register ==^================================================================