State both definitions of a recession, the old/traditional definition and the new/modern definition. Then explain why the old definition was replaced
State both definitions of a recession, the old/traditional definition and the new/modern definition. Then explain why the old definition was replaced
Chapter12: Business Cycles And Unemployment
Section: Chapter Questions
Problem 5SQ
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State both definitions of a recession, the old/traditional definition and the new/modern definition. Then explain why the old definition was replaced
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