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Why Recessions Are Not about Declining GDP
A recession is defined by negative economic activity over several months with an accompanying decline in GDP. However, given the actual makeup of GDP, it is inaccurate to directly tie recessions to GDP at all.
Original article: https://mises.org/mises-wire/why-recessions-are-not-about-declining-gdp
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By Mises Institute
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A recession is defined by negative economic activity over several months with an accompanying decline in GDP. However, given the actual makeup of GDP, it is inaccurate to directly tie recessions to GDP at all.
Original article: https://mises.org/mises-wire/why-recessions-are-not-about-declining-gdp
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