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The Economics of Money, Banking, and Financial Markets 10th Edition by Frederic Mishkin
Edition 10ISBN: 978-0132763646The Economics of Money, Banking, and Financial Markets 10th Edition by Frederic Mishkin
Edition 10ISBN: 978-0132763646 Exercise 1
Go to www.econlib.org/library/Enc1/Recessions.html and review the material reported on recessions.
a. What is the formal definition of a recession?
b. What are the problems with the definition?
c. What are the three D's used by the National Bureau of Economic Research (NBER) to define a recession?
d. Review Chart 1. What trend is apparent about the length of recessions?
a. What is the formal definition of a recession?
b. What are the problems with the definition?
c. What are the three D's used by the National Bureau of Economic Research (NBER) to define a recession?
d. Review Chart 1. What trend is apparent about the length of recessions?
Explanation
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The Economics of Money, Banking, and Financial Markets 10th Edition by Frederic Mishkin
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